Afarak is a growing, integrated chrome producer supplying specialist products to the expanding steel and stainless steel industries. The Group is focused on utilising its experience and technological advantages to deliver profitable and sustainable growth. The Company is listed on the NASDAQ OMX Helsinki (AFAGR) and the Main Market of the London Stock exchange (AFRK).
Afarak's FerroAlloys business is located in southern Africa and consists of the Stellite chrome mine, the Mecklenburg mine and the Mogale Alloys processing plant in South Africa and the Waylox mine development project in Vlakpoort.
Shareholders of the Company are advised that the European benchmark ferrochrome price is USD117.5 cents per pound for the first quarter of 2021, a 3.1% increase from the fourth quarter.
Guy Konsbruck
CEO
December 18, 2020
