You can forget about further production of alloys in South...

You can forget about further production of alloys in South Africa.

Glencore /Merafe is spitting the dummy, they've had enough in South Africa.
"not only because of Covid-19 cutbacks, but also due to the ongoing cost pressure, including unsustainably high electricity pricing,” said the group."

https://www.miningmx.com/news/marke...rospect-of-unstinting-eskom-tariff-inflation/

South Africa is in dire straits with high power prices and now resulting in job loses and now action by employees.

"In June, Glencore’s Lydenburg Smelter and its other ferroalloy mines in the area had begun with Section 189 labour law procedures. The decision was taken as a result of the worsening operating environment across the country’s ferrochrome industry, including unsustainable electricity pricing."

https://lowvelder.co.za/702022/chaos-on-roads-as-lydenburg-smelter-closes/

Its about about to get a whole lot worse now that Eskom is planning to raise power prices by another 15%.

"Eskom has submitted a R5.4 billion supplementary tariff application to energy regulator Nersa, and for the first time it has also included interest – to the tune of R1.3 billion – in the application."

https://www.moneyweb.co.za/news/sou...ts-supplementary-tariff-application-to-nersa/