Multiple push and pull factors continue to affect supply and demand, with chromite market participants struggling to see beyond the immediate term. Market participants active in non-metallurgical chromite are looking ahead to a year of uncertainty in 2021, with the recovery in demand remaining elusive and supply security equally far from clear. The chromite sector has been dogged by a second year of unfavorable market drivers following a first reversal of the cycle during 2019 on oversupply and falling consumption. While the past year has seen an exacerbation of issues for both South African producers and consumers, the new year will be marked by push and pull factors that continue to affect the supply/demand balance and prices.
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