Glencore’s South African Ferrochrome Operations at Risk Amid Electricity Tariff Dispute
Glencore Faces Uncertainty in South Africa as Ferrochrome Plants Struggle With High Power Costs Glencore’s ferrochrome operations in South Africa face growing uncertainty as the company signals it may withdraw from negotiations with the government over a proposed discounted electricity package. Without lower power costs, the multinational warns, its loss-making smelters cannot remain viable, putting thousands of jobs at risk. On February 27, Eskom, South Africa’s state-owned electricity utility, offered steeply discounted rates to the country’s two largest ferrochrome producers, including Glencore, in an effort to keep the plants operational.…
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