Press release
Chromium Mining Market: Global Industry Size, Share, Growth, Forecasts To 2020
Timetric's 'Global Chromium Mining to 2020' report comprehensively covers global reserves of chromite and reserves by country, the historical and forecast data on global chromite ores and concentrates production and production by country and trade. The report also includes demand drivers affecting the global chromium mining industry, profiles of major chromium producing companies and information on the major active, exploration and development projects by region.
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Executive summary
Timetric estimates global chromite ores and concentrates production at 29Mt in 2014, up by 0.7% from 2013. Global reserves as of January 2015 were 484.6 metric tonnes (Mt), with three countries accounting for 95% of the total: Kazakhstan for 230Mt, followed by South Africa (200Mt) and India (54Mt). The remainder is found in the US, Turkey, Finland and Brazil.
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Scope
The report contains an overview of the global chromium mining industry together with the key demand drivers affecting the industry. It also provides information about reserves, historic and forecast production, reserves and production by country, major exporting and importing countries, competitive landscape and major active, exploration and development projects.
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Reasons to buy
Gain an understanding of the global chromium mining industry, the relevant demand drivers , reserves, historic and forecast production, major exporting and importing countries, active, exploration and development projects and the competitive landscape.
Key highlights
The main area of application for chromite ore is in metallurgical processes, after conversion into ferrochrome, with approximately 90% of all chromite ore used in the production of stainless steel.
The outlook for the stainless steel industry is heavily dependent on both chromite ore and nickel. This amplifies the necessity for backward integration in the stainless steel value chain, with leading stainless steel producers directly involved in chromite ore production.
The steady growth in global chromite ores and concentrates production was due to a rise in demand from the ferrochrome and stainless steel markets with China accounting for 36% and 52% of global ferrochrome and stainless steel production respectively.
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