UPDATE 2-ENRC output to return to 2008 levels, wary on 2010

* Output next year to return to 2008 levels after cutbacks

* Recovery more convincing, but uncertain about 2010

* Q3 ferrochrome output down 2.1 pct

* Shares down 2.0 percent

(Adds analyst comment, shares, more details)

By Eric Onstad

LONDON, Nov 12 (Reuters) - Kazakh mining group ENRC (ENRC.L) will return output next year to 2008 levels, but is still wary about the outlook for 2010 as it posted a 2.1 percent fall in third-quarter output of ferrochrome, a key product.

The London-listed firm, which slashed production late last year as demand slid during the global downturn, said on Thursday its production volumes had returned to normal levels at the end of September.

"For the ongoing businesses of the group, we are planning production volumes in 2010 will be close to 2008 levels," a statement said.