Cr

Chromium

Companies

Key Companies in the Chromium Value Chain

The Chromium industry encompasses at least 6 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 44 million tonnes (chromite ore) and prices around 300-400 $/tonne (chromite ore), the Chromium market supports a diverse corporate ecosystem.

Annual Production

44 million

tonnes (chromite ore)

Market Price

300-400

$/tonne (chromite ore)

Top Producer

South Africa

40% share

Companies Tracked

6

Major Producers and Processors

The following companies are key participants in the Chromium supply chain:

Glencore-Merafe Chrome Venture

Producer GLEN.L/MRF.JO
South Africa

Worlds largest ferrochromium producer through the joint venture between Glencore and Merafe Resources, operating smelters and mines in South Africa

Samancor Chrome

Producer
South Africa

Major South African ferrochromium producer jointly owned by South32 and Kermas Group; operates mines in Bushveld Complex and smelters

Outokumpu

Major consumer OUT1V.HE
Finland

Europes largest stainless steel producer and significant chromium consumer

ENRC/ERG (Eurasian Resources Group)

Producer
Kazakhstan

Major chromium producer from Kazakh deposits in the Kempirsai massif; also operates ferrochrome smelters in Kazakhstan

Tata Steel Mining (formerly FACOR)

Producer
India

Indian ferrochromium producer operating chromite mines in Odisha state

Hernic Ferrochrome

Smelter
South Africa

Major independent ferrochrome smelter in South Africas North West Province

Active Operations and Development Projects

These are the key Chromium operations and development-stage projects associated with the companies above:

Bushveld Complex operations

Various (Glencore-Merafe, Samancor, others)

Production
Country: South Africa Capacity: ~17 million tonnes chromite/year

The Bushveld Igneous Complex in South Africa hosts approximately 72% of known global chromite reserves in massive stratiform deposits

Kempirsai chromite mines

ERG/Kazchrome

Production
Country: Kazakhstan Capacity: ~6 million tonnes ore/year

Second-largest chromite mining operation globally, located in northwestern Kazakhstan

Kemi Mine

Outokumpu

Production (expanding)
Country: Finland Capacity: ~2.7 million tonnes ore/year

Europes only chromite mine, located in northern Finland; undergoing underground expansion

Corporate Strategy Trends

Major consumers of Chromium across the stainless steel production and superalloys for jet engines sectors are increasingly focused on securing long-term supply agreements, investing in supply chain traceability, and supporting new production sources to reduce exposure to the 40% concentration in South Africa.

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