South Africa Proposes Cheaper Electricity to Support Ferrochrome Industry

South Africa has proposed offering reduced electricity rates to Glencore's ferrochrome smelting venture and Samancor Chrome’s operations in an effort to preserve employment in the sector. Bloomberg posted on X, highlighting the government's initiative aimed at sustaining the ferrochrome industry amid economic challenges. The move is part of a broader strategy to support key industries and maintain job stability in the country. The ferrochrome sector, which is vital to South Africa's economy, has been facing difficulties due to rising operational costs and global market pressures. By providing cheaper electricity, the government hopes to alleviate some of these financial burdens and ensure the continued operation of these significant industrial players.