Silicon prices climb on tight supplies
Feb 03, 2014 | 04:38 PM
| Michael Cowden
CHICAGO Silicon metal prices are on the rise, with supplies tightening abroad and demand remaining solid in North America, market participants told AMM.
AMMs silicon metal prices increased to $1.30 to $1.35 per pound from $1.25 to $1.28 per pound previously.
The increase comes as energy shortages in Brazil and South Africa have led to output cuts, market sources said. While Brazilian suppliers continue to honor contracts, spot metal is becoming more difficult to source, especially for brokers, they added.
Such cuts, while not unprecedented, are being more keenly felt in North America due in part to a successful trade petition filed in Canada by New York-based Globe Specialty Metals Inc. against silicon imported from China (amm.com, Nov. 19), producers and some traders said.....
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