Chrome markets and resources
The vast majority of chrome ore (Cr ore) produced worldwide is metallurgical grade ore. This ore in the main is used to produce ferrochrome (FeCr) which itself is a key ingredient in the production of stainless steel. The stainless steel industry is the major driver of the chromium industry.
Market overview
South Africa, holds the largest global resources and reserves of Cr ore and as such is the world leading producer and exporter of Cr ore. The country’s abundance of resources and the production of some Cr concentrates, as a by-product to Platinum Group Metals production, has made it a leading producer. Despite systemic power supply, logistics and social issues, South Africa remains the largest FeCr producer outside China.
In 2012, driven by its rising stainless steel industry, China became the biggest FeCr producer worldwide overtaking South Africa. China holds virtually no resources and reserves of Cr ore. Its FeCr industry is reliant on imported material, mainly from South Africa, making it, the biggest Cr ore importer in the world.
Whilst South Africa and China are the driving forces behind the chromium market, there are other important actors in play (Kazakhstan, India, Turkey, Zimbabwe, Finland, Sweden, Albania, Oman Sultanate to name but a few). In some cases, these countries have positioned themselves on niche products including high-grade ores, chemicals, foundry sands, chrome metal and specialty FeCr grades aimed at market segments with specific requirements.
Market analysis
ICDA produces regular market analysis reports. Members receive a weekly newsletter service covering latest market trends worldwide and in China.
Discover further details on the chromium market in our quarterly market analysis infographics below.
Statistical guidelines
ICDA has a Code of Practice for the collection and use of quarterly statistical information. The ICDA Management team ensures that this Code of Practice is sent to all members, complied with and enforced.
Join Us
For all the latest market data, regular market analysis and market research on the global chrome and ferrochromium markets, become an ICDA Member.
Chromite resources
Global distribution of chromite resources by country
South Africa is home to most of the global chromite resources. However, chromite is found in many countries including Zimbabwe and Kazakhstan, which also have significant resources.
Chromite resources by country
Chrome ore resources, reserves and production in 2024
> 12000 M
Resources
> 470 M
Reserves
> 39 M
Production
Chrome ore production
Chrome ore producers
While South Africa is by far the largest producer of chrome ore, production takes place all over the world.
Chrome ore world production in 2024
Mt
%
23953 Kt
South Africa
+ 9%
5190 Kt
CIS & Middle East
+ 6%
3407 Kt
India
+ 2%
3186 Kt
Western Europe, Albania, Türkiye
– 0.04%
2821 Kt
Rest of Africa, Americas
+ 47%
691 Kt
Rest of Asia, Australasia
– 7%
Calculation based on industry data supplied to the ICDA, official trade data and data from regional organisations.
Global chrome ore and UG2 production
Companies in South Africa also supply chrome ore as UG2 (Upper Group 2 reef), during the production of Platinum Group Metals (PGMs). The supply of UG2, in addition to traditionally mined chrome ore, has changed the structure of the ferrochrome industry. More information on UG2 is available on our chrome ore page.
Chrome ore and UG2 production in 2023
Ferrochrome production
Ferrochrome production by country
China is the leading producer of ferrochromium, followed by South Africa, Kazakhstan and India. Other producing countries include Albania, Brazil, Finland, Germany, Indonesia, Japan, Oman Sultanate, Russia, Sweden, Turkey and Zimbabwe.
Ferrochrome world production in 2024
Mt
%
17586 Kt
23 Kt
900 Kt
Charge Cr (HC)
Medium carbon
Low carbon
+ 15%
– 41%
+ 6%
9469 Kt
China
+ 20%
3994 Kt
South Africa & Zimbabwe
+ 3%
1990 Kt
CIS/Middle East
+ 18%
1419 Kt
India
– 4%
994 Kt
Americas, Rest of Asia
+ 78%
640 Kt
Europe incl. Albania, Türkiye
+ 0.3%
Calculation based on industry data supplied to the ICDA, official trade data and data from regional organisations.
