Chromium: Market forecast to move into period of more modest demand growth

Our analyst Dr. Nils Backeberg discusses the outlook for the chromium market through to 2029.

“Southern Africa hosts about 90% of the world’s chromite reserves and resources and accounts for approximately 60% of global chrome ore production.”

“After several years of 5-10% annual growth in demand driven by stainless steel production, the chromium market is forecast to move into a period of more modest demand growth of 2-3% per year” ”It’s still a growing market albeit at a much slower rate”.

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