Industria
Afarak Group: Production Report Q3 2024
12:30 London, 14:30 Helsinki, 29 October 2024 - Afarak Group SE (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)
Production report Q3 2024
Afarak Group total production during the third quarter of 2024 was higher when compared to same period of last year mainly due to higher mining activity as Chrome Ore prices remained stable during the quarter. The Ferrochrome market continued to weaken in terms of demand and pricing during Q3 2024 and shows no sign of recovery to date. The stainless market has been showing low activity. The weaker expectation from the US and China markets put pressure on the export-dependent European economies.
Processing
Mining
Outlook for Q4 2024
The outlook for the chrome market in the remainder of 2024 is shaped by a mix of production dynamics, demand drivers, and regional challenges.
Helsinki, October 29, 2024
AFARAK GROUP SE
Board of Directors
For additional information, please contact:
Afarak Group SE
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
Financial reports and other investor information are available on the Company's website: www.afarak.com .
Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
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