The unit value of chromium in each of its commodity
forms is substantially different. In 1997, the unit value of
chromium contained in its commodity forms was, in rounded
numbers and in units of dollars per metric ton of contained
chromium? chromite ore, $200; ferrochromium, $1,000; and
chromium metal, $7,000.
The predominant influence on the price of chromite ore is
the relation between supply and demand and general
economic conditions. Stocks relative to anticipated
consumption also affect material price.