Merafe sees cautious 2H 2026 outlook as Eskom power and tariff relief lifts smelter production potential
Reuters2026/08/11 06:21Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Merafe flagged a cautiously optimistic outlook for the rest of 2026 as lower negotiated electricity tariffs reduce smelter operating risk.
- Improved Eskom power supply is expected to support a rebound in production that was previously curtailed.
- Margins may stay under pressure on higher Chinese ferrochrome supply, risking oversupply unless global stainless steel demand strengthens.
- Profitability in H2 hinges on smelter throughput, ferrochrome pricing trends, chrome ore price stability.
- H1 profit rose to R 512 million on revenue of R 3.43 billion, supported by higher chrome ore sales volumes.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Merafe Resources Ltd. published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein.
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