Ferrochrome Gains Ground as Raw Chrome Fades in Zimbabwe's 84.7% Mineral Export Surge

[SMM Express] Eastern Platinum's Crocodile River Mine has completed a rare turnaround among South African PGM juniors, with chrome concentrate output climbing to 82,120 tonnes in 2025, up 353% from 18,118 tonnes in 2024. The gain came alongside a 59% rise in PGM concentrate production to 5,146 tonnes, lifting mine operating income to US$1.7 million, up 113% year-on-year, and narrowing the fourth-quarter net loss by almost 40%. The recovery reflects Eastplats' shift from a tailings-retreatment chrome operation into a growing metallurgical chrome and PGM concentrate producer, following the 2024 commissioning of a processing facility handling UG2 run-of-mine ore from the Zandfontein underground section. That momentum carried into Q1 2026, with chrome concentrate volumes up 71.7% year-on-year, even as PGM concentrate sales to Impala Platinum continued to account for the bulk of revenue. The chrome ramp-up gives Eastplats a growing secondary exposure to stainless steel raw material markets alongside its core PGM business.

Since entering Q2 2026, the silicon manganese alloy market has remained under sustained pressure. Prices of upstream raw materials—including manganese ore and coke—have stayed elevated, while downstream steel consumption remains sluggish amid strong price-suppression efforts from mills. The industry is caught in a dual squeeze of “high costs and weak demand,” with losses spreading rapidly from isolated cases to a widespread trend.

[SMM Express] South Africa's enforcement drive against illegal chrome mining in Limpopo has escalated through mid-2026, with the Hawks arresting five suspects, aged 43 to 50, at an illegal chrome mining site in the Thabazimbi policing area on 12–13 July. The operation, run by the Limpopo Serious Organized Crime Investigation team alongside local SAPS units, the Criminal Record Centre and the Department of Mineral and Petroleum Resources, resulted in charges of illegal mining and contravening environmental law; the suspects appeared at the Thabazimbi Magistrate's Court on 14 July. The arrests form part of a broader, active pattern rather than an isolated incident. In late May, the Asset Forfeiture Unit secured a R4.5 million forfeiture order covering trucks and trailers linked to illegal chrome mining in the Sekhukhune district, and in early July a separate court ruling allowed authorities to seize seven trucks loaded with chrome ore from another illegal operation. Together, the cases point to sustained, coordinated action across Limpopo's chrome belt targeting the trucks, sites and proceeds tied to unlicensed chrome extraction.