COMMODITIES AGENCY
Metals · Core book

Chrome Concentrate

Chrome concentrate is the largest single line on our desk. We place South African 40 to 42% Cr₂O₃ material out of the Eastern and Western Bushveld, and Zimbabwean 46 to 48% material off the Great Dyke, into ferrochrome smelters and stainless steel supply chains in Asia and Europe.

What we supply

Two distinct products sit under the same heading, and buyers should not treat them as interchangeable. South African concentrate is a high-volume, moderate-grade product: 40 to 42% Cr₂O₃, milled to a 0 to 1mm concentrate, produced by wash plants clustered around Steelpoort in the Eastern Limb and Rustenburg, Brits and Mooinooi in the Western Limb. It is the workhorse feed for ferrochrome furnaces that are optimised for it.

Zimbabwean concentrate off the Great Dyke runs 46 to 48% Cr₂O₃ with a materially better chrome to iron ratio. It commands a premium and is bought by smelters chasing a higher chrome unit per tonne of feed, or blending up a low-grade stockpile. Volumes are thinner and logistics are longer, so it trades differently.

Typical specification

Grades40 to 42% Cr₂O₃ (South Africa); 46 to 48% Cr₂O₃ (Zimbabwe)
Sizing0 to 1mm concentrate
OriginsSteelpoort, Rustenburg, Brits, Mooinooi, Boshoek; Great Dyke, Zimbabwe
MoistureDeclared on assay, typically 6 to 9% as loaded
AssaySGS or Intertek, at loading and again on discharge where required
TermsFOT wash plant, DAP inland, FCA origin, FOB Richards Bay, Maputo, Beira or Durban
VolumesTrial parcels from 500 MT; running contracts to 10,000 MT per month
PricingOn application, referenced to prevailing index and reviewed on an agreed cycle

How chrome trades on our desk

Most chrome business is not a single cargo. It is a trial parcel that proves the grade and the logistics, followed by a running offtake with a price review every two weeks or every month. We paper it that way deliberately, because a fixed price over a twenty four month term is not a contract either side will honour when the index moves.

Grade premiums are set out explicitly rather than left to negotiation on arrival. A typical structure prices the base at 40 to 42% and adds a fixed premium per tonne above 42.00% and a further step above 43.00%, determined on the delivery assay. That removes the single largest source of dispute in chrome trading.

Payment security is a drawdownable escrow, sized to roughly two weeks of offtake and revolving, with the seller drawing the bulk against delivery documents and the balance released after testing. We do not accept an instrument that blocks seller drawdown in place of that.

Logistics

South African concentrate moves by road from the wash plant to an inland delivery point such as City Deep in Johannesburg, or to a port for export. Zimbabwean material clears through Beitbridge or Chirundu and routes to Beira, Maputo or Durban depending on availability and the buyer's vessel programme. We quote the leg the buyer wants and no further, so the price is readable.

If you are selling

Selling chrome concentrate?

If you produce or hold this material and you do not have a reliable route to a buyer, this is the side of the desk you want. Below is who we place it with and what we will need to know.

Who we place it with

Ferrochrome smelters and stainless steel supply chains

Destinations

China, India, Turkey, and inland South African smelters buying delivered

Volumes placed

500 MT trial parcels through to running offtakes of 10,000 MT per month

What we need to know
  • Grade, expressed as Cr₂O₃ percentage, and the chrome to iron ratio if you have it
  • Tonnage available now and what you can hold per week or per month
  • The wash plant or stockpile location, and whether you are quoting FOT, DAP or FOB
  • Any assay certificate you already hold, and who issued it

You do not need all of this to make first contact. Rough figures are enough to get an answer.

Smelters buy on grade and chrome to iron ratio, and they buy repeatedly. A producer who can hold a consistent 40 to 42% Cr₂O₃ and deliver every week is worth more to this book than one with a single large stockpile.

Questions

Chrome Concentrate, common questions

What is the difference between 40 to 42% and 48% chrome concentrate?

The percentage is the Cr₂O₃ content by mass. South African Bushveld concentrate typically assays 40 to 42% Cr₂O₃, while Zimbabwean Great Dyke material reaches 46 to 48% with a higher chrome to iron ratio. Higher grade means more chrome units per tonne of furnace feed, so it carries a premium, but South African material remains the volume product for smelters configured around it.

What is the minimum order for chrome concentrate?

Trial parcels start at 500 MT. Running contracts typically ramp from 1,000 MT in the first week to 2,500 MT per week, scaling by agreement toward 10,000 MT per month.

Which ports does South African chrome concentrate export through?

Richards Bay and Durban in South Africa, and Maputo in Mozambique. Zimbabwean material also routes through Beira. Inland delivered business is commonly done DAP City Deep, Johannesburg.

How is chrome concentrate assayed?

By SGS or Intertek at the loading point, with a second independent assay on discharge where the contract calls for it. Grade premiums and any penalty are settled on the delivery assay, not the loading assay, so the tested result governs.

Next step

Holding chrome concentrate?

Send the grade, roughly how much you have and where it sits. You will know inside a trading day whether we have a buyer for it.