Glencore warns of potential for force majeure amid South Africa unrest
Glencore has described rioting in South Africa as a “force majeure event” in a letter to customers about a number of ores, alloys and metals exported from the country, although this is not a declaration of force majeure.
In a notice to customers on July 14, seen by Fastmarkets, the trader-miner warned that ongoing violence in South Africa could potentially prevent them from fulfilling contracts with customers.The notices have been sent to cobalt, chrome ore, ferro-chrome, manganese ore and vanadium customers.
While no customer reported to Fastmarkets that a specific delivery or contract had definitely been affected, some customers mistook the notice for...
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From a National Security perspective thar Mr. Biden, it might be time to call your Canuck friend to the North....You know...Mr. Trudeau...Y'all need to start talk'n bout that, that thar Ring of Fire, and all it's shine chrome mak'n stuff. Y'hear. That South Africa is going plum loco...If'n you know what I mean.
I reckon the times a com'n you'd best be look'n for a new home to get y'r chrome.
Colonel TM....Ring of Fire Brigade.
