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Acquisition of the exclusive sales right of Ferrochrome of IFM in South Africa for the Japanese market

We acquired the exclusive sales right of Ferrochrome from International Ferro Metals Pty Ltd. (IFM) for the Japanese market.

IFM has a chromium mine in Bushveld, South Africa and a ferrochrome factory; its capacity is 267,000 tons per annum. The first cargo based on this exclusive sales contract was shipped from South Africa last month.

Ferrochrome from IFM will continuously be supplied to Japanese users from hereon, mainly stainless steel manufactures and specialty steel manufactures.

Ferrochrome factory of IFM (South Africa)