Results for tag: "Chromite"

Chromite is a mineral composed of chromium, iron, and oxygen (FeCr2O4). It is the only ore of chromium, a metal essential for making stainless steel, nichrome, and other alloys. Chromite is mined in many countries, including South Africa, India, Kazakhstan, and Turkey. Chromite is also used as a refractory material, due to its high heat stability. The chromite market is driven by the demand for stainless steel and other alloys. Chromite is also used in the production of ferrochrome, which is used in the production of stainless steel. The price of chromite is determined by the demand for stainless steel and other alloys, as well as the availability of chromite ore. Some companies in the chromite market include Vale, Glencore, and BHP Billiton. Other companies include Tata Steel, Jindal Steel & Power, and Ferrochrome Corporation. Show Less Read more