The implementation of a proposed export tax on South African chrome ore could prompt China to impose a tax on imports of the country's ferro-chrome into the East Asian nation, according to David Kovarsky, senior vice president at chrome ore producer Sibanye Stillwater.
Speaking at Fastmarkets' International Ferro-alloys Conference, which is being held online, Kovarsky was critical of the proposed South African tax, saying that the nature of the likely reaction from China was "highly uncertain.""Just because there is a chrome ore tax doesn't mean that China is going to accept it easily,"...