Gary Nagle, CEO of Glencore, said that the current ferrochrome market is very strong, supported by the growing stainless steel production in the world.

The demand for white goods has been increased by fiscal stimulus, and stainless steel and ferrochrome are required parts to meet this demand. Therefore, ferrochrome is absolutely a part of the green revolution for the world.

Glencore's electricity supply is Eskom, whose carbon emissions are quite high. However, Eskom is striving to reduce its dependence on coal and focusing on the research of renewable energy.

In addition, Glencore set a more aggressive short-term goal to cut its total carbon emissions by 15% by 2026.