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Ferroalloys are metallic alloys composed primarily of iron and one or more other elements, such as manganese, chromium, or silicon. They are essential in steelmaking and foundry applications, enhancing strength, durability, and resistance to corrosion. The production and trade of ferroalloys significantly contribute to the global economy, supporting the steel industry and various manufacturing sectors.
Source: United States Geological Survey Mineral Resources Program
See also: Mineral commodity prices