Chromium Mining 2017 Global Market Expected to Grow at CAGR 5.23% and Forecast to 2021
The analysts forecast the global chromium mining market to grow at a CAGR of 5.23% during the period 2016-2020.
Chromium is widely used in the production of ferrochrome, which is used in the production of stainless steel. It is obtained from chromite ores, which are of four types: metallurgical, refractory, foundry, and sand. Some other applications for chromite ore include chemicals, specialty steel, and metal chrome. South Africa is the largest chromium mining nation.
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