FeCr: ore supply doubts may hit indian output

摘要

Uncertainty over supplies of more than 2mn t/yr of chrome ore from April may lead to higher ore costs on the Indian domestic market, rising production costs and a drop in domestic ferro-chrome output in the near term. India may face shortages from April, when leases lapse for three chrome ore merchant mines, creating uncertainty over supplies in the short term. They are among 288 merchant mine leases due to lapse on 31 March under a 2015 amendment mandating the auction of mineral resources. Merchant mines sell their output to other companies rather than processing it themselves.