2023 likely to be challenging year for commodities, Merafe says

In the face of energy insecurity and the risk of a global recession, this year is likely to be challenging, Merafe Resources, which operates a chrome joint venture with Glencore in South Africa, said in its annual report for 2022.

In its report for the year ended December 31, 2022, the company flagged the impact of Russia’s invasion of Ukraine in February 2022. The war has exacerbated inflationary concerns and contributed...