Glencore to Idle Two South Africa Smelters on Power Costs
NegativeFinancial Markets

- Glencore Plc has announced the idling of two ferrochrome smelters in South Africa due to escalating electricity prices, marking a significant setback for the country's already struggling smelting industry.
- This decision highlights the ongoing challenges faced by the smelting sector in South Africa, as rising operational costs threaten jobs and production capacity, potentially impacting the local economy and Glencore's market position in the region.
— via World Pulse Now AI Editorial System




