{"id":14989,"date":"2012-09-27T04:58:10","date_gmt":"2012-09-27T02:58:10","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/s-african-mine-labour-strife-halts-slide-in-chrome\/"},"modified":"2012-09-27T04:58:10","modified_gmt":"2012-09-27T02:58:10","slug":"s-african-mine-labour-strife-halts-slide-in-chrome","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-mine-labour-strife-halts-slide-in-chrome\/","title":{"rendered":"S.African mine labour strife halts slide in chrome"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Strikes cut UG2 ore output by 150,000-250,000 T &#8211; traders<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Reduced output stems four-month ferrochrome price decline<\/p>\n<p><span><\/span><\/p>\n<p>* Longer-term plans to produce more UG2 chrome ore<\/p>\n<p><span><\/span><\/p>\n<p>By Harpreet Bhal and Silvia Antonioli<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Sept 26 (Reuters) &#8211; The impact of South African mine<br \/>\nlabour unrest has spread beyond precious metals to UG2 chrome<br \/>\nore, a by product of platinum and key ingredient in stainless<br \/>\nsteel, with output cuts putting a floor under prices after four<br \/>\nmonths of decline.<\/p>\n<p><span><\/span><\/p>\n<p>In recent months, violent labour unrest over pay has<br \/>\ndisrupted production at some of the largest South African<br \/>\nplatinum mines, including those owned by Anglo American Platinum<br \/>\n, Lonmin  and Aquarius Platinum.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa accounts for more than 80 percent of global<br \/>\nplatinum supply, but it also produces over half of the world&#8217;s<br \/>\nchrome. Both markets are in global surplus, but uncertainty<br \/>\ncreated by production cuts has induced fresh buying.<\/p>\n<p><span><\/span><\/p>\n<p>Although disputes at some south African shafts have been<br \/>\nresolved, strikes are in full force at others and continuing to<br \/>\nspread, raising worries that prolonged disruptions might hit<br \/>\nproduction further.<\/p>\n<p><span><\/span><\/p>\n<p>So far strikes have cut output of UG2 chrome ore by about<br \/>\n150,000-250,000 tonnes, market players said, a significant<br \/>\nenough amount to have an effect on prices, even in an over<br \/>\nsupplied market.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Strikes cut UG2 ore output by 150,000-250,000 T &#8211; traders * Reduced output stems four-month ferrochrome price decline * Longer-term plans to produce more UG2 chrome ore By Harpreet Bhal and Silvia Antonioli LONDON, Sept 26 (Reuters) &#8211; The impact of South African mine labour unrest has spread beyond precious metals to UG2 chrome [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14989","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14989"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14989\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}