“It makes us competitive with Chinese production costs. Chrome ore sales rose 75% to 38 000 tons (380kt), while chrome ore revenue increased 78% to R1.79bn, helped by an 11% increase in the chrome ore price. Ferrochrome sales fell 4% to 73kt, while attributable ferrochrome production fell 75% to 28kt as Wonderkop and Boshoek remained suspended. Chrome ore production costs per unit were 15% higher. Merafe’s estimate for ferrochrome production is 25% to 29% of installed capacity for 2026 and chrome ore production of about five million tons (Mt).