Glencore plc Faces Eskom Power Deal Deadline in South Africa as Ferrochrome Jobs Hang in Balance
Glencore and Merafe’s South African ferrochrome joint venture faces a Tuesday deadline to secure a discounted 62 c/kWh power deal with Eskom, after halting retrenchments for a week. Only one of three smelters has restarted since a temporary tariff cut in January; output dropped 63% in 2025. Eskom and the venture agree on the rate in principle, but key conditions and regulator approval remain unresolved.