Dig Media and Noront Resources Launch Chromium Investing News
Chromium Investing News is the latest addition to a series of 30+ commodity-focused websites in the Resource Investing News Network. Dig Media’s sites educate and inform an audience of investors about what is influencing the markets, while providing branding and connecting opportunities for exploration and mining companies.
“Significant chromite ore discoveries in the Ring of Fire have made Canada one of the top five chromite ore resources in the world. Noront’s Blackbird chromite deposit has attracted investment from one of China’s largest steel producers, Baosteel Resources International Co., Ltd.,” said Noront Resources President and CEO Wesley C. Hanson. “This partnership will be a valuable asset in developing our chromite and nickel sulphide discoveries.”
Chromium, mined as chromite ore, is one of the most important industrial metals due to its hardness and resistance to corrosion, making it a critical component in the manufacturing of stainless steel. Most stainless steel contains about 18 percent chromium.
Chromium Investing News will provide insights into the macroeconomics influencing the chromium market as well as speific insights into public companies exploring and producing chromium.
“Ferrochromium prices are rising as China’s stainless steel industry continues to expand. The long-term outlook is overwhelmingly positive given that Chinese stainless steel producers aim to double production in the next five years and are seeking long-term supply of raw materials,” said Chris Smith, Publisher.
About Noront Resources Ltd.
Noront Resources Ltd. is focused on developing the high-grade Eagle’s Nest nickel-copper-platinum-palladium deposit, the exploration and development of the Blackbird chromite discovery and regional exploration for additional mineral deposits within its large, highly prospective land position in an area known as the “Ring of Fire”, an emerging multi-metals camp located in the James Bay Lowlands of Ontario, Canada.
For more information access the company’s website at www.norontresources.com.