Agoracom

The prices are dated back to late 90's but maybe it can help some of the experts with some calculations.

http://minerals.usgs.gov/minerals/pu...

content, and its price is reported in trade journals on a grossweight

basis (U.S. dollars per metric ton, gross weight).

Commercially traded chromite ore grades range from 35% to

ore is graded at 42% to 45% and priced at $100 per metric

ton. It contains 42% to 45% chromic oxide and costs $100

per ton, gross weight. To calculate the cost of the chromium

contained in this material, remember that chromic oxide is

68.42% chromium. Consequently, 1 ton of this material then

contains between 0.287 and 0.308 ton of chromium yielding

a unit value of between $325 and $348 per ton of chromium.

Ferrochromium typically contains between 50% and 65%

chromium, and its price is reported in trade journals in dollars

per pound of contained chromium. Chromium metal is

typically in excess of 99% pure, and its price is reported in

trade journals in dollars per pound, gross weight (Papp,

1995). A wide variety of chromium metal prices are reported

in trade journals. The units of chromium material value are

similar to those of chromium material price reported in trade

journals—dollars per metric ton, gross weight, for chromite

ore and chromium metal and dollars per metric ton of

contained chromium for ferrochromium. (To convert from

dollars per metric ton to dollars per pound, multiply by

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.