AFARAK GROUP: PRODUCTION REPORT Q3 2025

Core Insights - Afarak Group reported a 51.4% decrease in overall production for Q3 2025 compared to the same period in 2024, primarily due to reduced mining activity in South Africa following the sale of the Zeerust mine [3][8]. Production Summary - Specialty segment production increased by 23% compared to Q3 2024, with Specialty Alloys production rising by 28.3% year-on-year [2][4]. - Processing volumes saw a 24.4% increase in Q3 2025 compared to the same quarter of the previous year [4]. - Mining activity in South Africa dropped significantly by 67.9% year-on-year, while Turkish mining activity increased by 41.3% over the same period [8]. Demand and Price Trends - Demand for Chrome Ore remains strong in China, with major South African ferro-chrome producers reducing production, leading to higher ore exports and increased ferro-chrome production in China [5]. - Cr Ore prices in China improved during Q3 2025, and world market prices for both high and low carbon ferrochrome are gradually recovering [6]. Challenges and Opportunities - The weakening of the US dollar is impacting the bottom line for chrome products, which are traded as US dollar commodities [6]. - Discussions regarding a possible export quota for Chrome Ore from South Africa have recently resumed, indicating potential regulatory changes [6].