Story perspectives

Glencore Faces Deadline to Secure Eskom Deal, Protect Jobs

3/22/2026

Summary

Story summary

Glencore must secure a discounted Eskom deal by March 31 to protect its ferrochrome smelters and about 1,500 jobs.
Eskom proposed reducing tariffs from 1.36 rand to 0.62 rand per kilowatt-hour.
Japie Fullard, Glencore's chief executive officer, said the terms are unacceptable, jeopardizing jobs and industry viability.
The negotiations will determine the ferrochrome industry's future in South Africa, where only 11 of 66 smelters remain operational due to rising electricity costs.

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Story summary

Glencore must secure a discounted Eskom deal by March 31 to protect its ferrochrome smelters and about 1,500 jobs.
Eskom proposed reducing tariffs from 1.36 rand to 0.62 rand per kilowatt-hour.
Japie Fullard, Glencore's chief executive officer, said the terms are unacceptable, jeopardizing jobs and industry viability.
The negotiations will determine the ferrochrome industry's future in South Africa, where only 11 of 66 smelters remain operational due to rising electricity costs.