Power costs prompt Ferbasa to halt plans for silicon plant

Jun 18, 2013 | 12:23 PM | Carolina Guerra

Tags  Ferbasa, Cia de Ferro Ligas da Bahia, ferroalloys, ferrosilicon, silicon metal, Carolina Guerra

SÃO PAULO — Brazilian ferroalloys producer Cia. de Ferro Ligas da Bahia (Ferbasa) has halted plans to build a silicon metal plant in the country due to uncertainties about electricity costs.

"The project is currently in a holding pattern due to uncertainties in relation to electric energy (availability, regulation and price trends)," the Bahia-based company said. "The recent discovery of shale gas in the United States and the subsequent fall....

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