trending Market Intelligence /marketintelligence/en/news-insights/trending/5D3QGqlxuWKNmt14GMXrrw2 content esgSubNav
In This List

Samancor Chrome may slash 599 jobs over high power costs, Chinese competition

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Samancor Chrome may slash 599 jobs over high power costs, Chinese competition

Samancor Chrome Holdings (Pty.) Ltd. may cut 599 jobs from its smelting operations and corporate offices due to low chrome prices, the availability and rising costs of electricity, and competition from Chinese companies, Reuters reported Jan. 20, citing a letter from the company to trade unions.

The private South African company produces over 1 million tonnes of ferrochrome per year to be used in stainless steel production, the newswire noted.