[SMM Chromium Flash] ARM's Nkomati Mine Sells 28,111t of Chrome Concentrate as It Swings to Profit in FY2026

Vishnu Chemicals Limited (VCL), India's leading chromium, barium and strontium chemicals manufacturer, has executed a definitive Joint Venture Agreement with DCX Chrome SAS of France, a subsidiary of the Delachaux Group, to establish a greenfield high-purity chromium metal manufacturing plant in Visakhapatnam, Andhra Pradesh. The two companies will each hold a 50% equity stake in the new joint venture. The facility is engineered for an installed capacity of 6,000 metric tonnes per annum, dedicated entirely to producing high-purity chromium metal. Under the agreement, DCX Chrome, a Tier-1 supplier to global aerospace, energy, superalloy and welding sectors with more than 80 years of aluminothermic chromium metal manufacturing experience, will provide its proprietary process technology to the venture. VCL, which the release describes as India's undisputed market leader in chromium chemicals, will supply chrome oxide green as the raw material feedstock, ensuring what the companies characterized as an uninterrupted domestic supply chain for the plant. The venture is framed explicitly around import substitution under India's Atmanirbhar Bharat, or self-reliance, policy, targeting a segment of the chromium value chain the release describes as currently almost entirely import-dependent in India. Applications cited include aerospace turbo-reactor components such as combustion chambers, turbine disks, blades and casings, with the release noting that a single commercial aircraft engine, such as one used on the Airbus A320, contains approximately 250 kilograms of pure chrome metal. Other targeted end markets include downhole drilling tools and corrosion-resistant alloy pipelines for oil and gas applications, steam superheater tubes for nuclear power plants, land-based gas turbines, and thin-film materials used in liquid crystal displays. VCL Chairman and Managing Director Krishna Murthy Cherukuri said the partnership advances the company's strategic growth while contributing to India's self-reliance goals, while DCX Chrome CEO Fernando Accioly said the joint venture reflects strong confidence in the long-term global outlook for high-purity chromium metal. The project is also expected to generate high-skilled engineering and operational employment in the Visakhapatnam region, supporting Andhra Pradesh's broader industrial development objectives. No timeline for construction completion or commissioning of the plant was disclosed in the announcement.

TSX Venture-listed Canaf Investments Inc., through its South African subsidiary Quantum Screening and Crushing, has completed the acquisition of Carbon Reductant Solutions (Pty) Ltd (CRS), a South African producer of char reductant used in ferrochrome smelting. The transaction closed on August 31, 2026, for a total of R14.4 million, approximately CAD$1.25 million, comprising R3.5 million paid for the shares and R10.9 million advanced as intercompany loan funding to settle CRS's outstanding liabilities. The deal was funded entirely from Quantum's existing cash reserves, with no external debt financing required. CRS began operations in October 2023, supplying char reductant from its site within the Highveld Industrial Park near eMalahleni, Mpumalanga, using a self-sustaining autogenous rotary kiln similar in operating principle to the technology at Quantum's Newcastle, KwaZulu-Natal facility, home to its 70%-owned Southern Coal subsidiary. The reductant market serving South African chrome smelters contracted sharply during 2025 following the closure and curtailment of a substantial share of the country's ferrochrome smelting capacity, leaving CRS with accumulated historic and accrued liabilities that the acquisition is intended to resolve. CRS's existing operational staff will be retained. Canaf intends to complete the integration of CRS into Southern Coal's business by the end of October 2026. The acquisition is explicitly framed around South Africa's ferrochrome recovery: Canaf pointed to 2026 electricity-pricing interventions from government, Eskom and NERSA as having already supported announced smelter restarts, with further capacity expected to return to production through 2027. Canaf CEO Christopher Way said CRS is a business the company knows well, having previously supplied Southern Coal, and that the deal gives Quantum an established production platform in Mpumalanga that may support supplying the ferrochrome industry as domestic smelting capacity recovers. Canaf has flagged that these anticipated benefits remain subject to the pace of any recovery in South African ferrochrome smelting, prevailing reductant market conditions, and the success of the integration itself, with no guarantee the expected benefits materialize as planned.

[ADC12 Price Daily Review: Domestic Prices Firm While Overseas Prices Stable, Aluminum Alloy Import Window Nears Opening] The industry remains in a pattern primarily driven by costs, supplemented by mild demand recovery. Enterprises' willingness to hold prices firm has increased somewhat, but the room for further price rises still depends on the actual realization of subsequent peak-season demand.