Ferrochrome is cyclical as hell but Merafe's sitting on decent assets when you look at what Glencore and Im…by @sextant_za on $MRF

Ferrochrome is cyclical as hell but Merafe's sitting on decent assets when you look at what Glencore and Implats are doing with their chrome exposure. The rand weakness actually helps here, exports get cheaper. At R1.33 you're not paying for anything, which is the whole point when the cycle turns.