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HELSINKI - Afarak Group SE (LSE:AFRK, NASDAQ: AFAGR), a manufacturer of specialty metal alloys, has announced a 15.2% increase in its specialty alloy production in the first quarter of 2025 compared to the same period last year. The company released its Q1 production report today, highlighting a rise in production volumes across its operations, with the exception of its South African mining activities, which saw a decrease.
The company’s specialty alloy production reached 26,961 metric tons in Q1 2025, up from 23,411 metric tons in Q1 2024. Processing activities similarly experienced a boost, with volumes increasing by 7.4% to 7,411 metric tons. This growth was attributed to the enhanced performance of the company’s Turkish mines, which reported an 18.4% rise in mining activities, significantly supporting the operations of Afarak’s processing plant in Germany.
However, the South African mining sector faced challenges, with production dropping by 26.8% to 51,413 metric tons due to unusually heavy rainfall in the region. The adverse weather conditions led to operational difficulties, including the inability to access high-quality feedstock materials, resulting in the use of lower-grade materials.
Despite the setback in South Africa, the overall mining production for Afarak Group increased, with the Turkish mines’ output bolstering the company’s first-quarter results. The company has utilized the improved mining output to capitalize on better chrome ore prices, facilitating additional sales.
The information provided in this article is based on a press release statement from Afarak Group SE. The company, listed on both the NASDAQ Helsinki and the London Stock Exchange (LON:LSEG), specializes in the production of specialty metal alloys and aims for sustainable growth through its operations in Southern Europe and ferrous metal business in South Africa.
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