Glencore's South African Ferrochrome Venture Faces Electricity Cost Challenges

Glencore's ferrochrome smelting operation in South Africa is under pressure to find a way to reduce electricity expenses to prevent potential job losses. Bloomberg posted on X that the venture is struggling with high energy costs, which are critical to its operations. The company is exploring options to address these financial challenges and maintain its workforce. The situation highlights the broader issue of energy costs impacting industrial operations in the region.