位置：中游情绪：利空参考度：9/10
7月30日，南非嘉能可公布2025年第二季度铬铁产量15.6万吨。相比2025年第一季度的27.7万吨，环比下降44%；和2024年第二季度的30.2万吨相比，同比下降48% 。2025年上半年嘉能可铬铁总产量43.3万吨，相较于2024年上半年的59.9万吨，同比下降28% 。
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本年度1 – 6月，铬铁产量同比2024年下降16.6万吨。因铬铁冶炼转换利润率较低，嘉能可对铬板块战略性调整生产策略，暂停Boshoek和Wonderkop冶炼厂生产，等市场环境改善后再复工。另外，Lion冶炼厂目前也短暂停产，进行年度正常维护。
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