Demand to drive need for silicon metal: Globe

Feb 07, 2014 | 02:02 PM |

Tags  Globe Specialty Metals, Jeff Bradley, earnings report, silicon metal, new capacity, Mississippi Silicon, Rima Industrial, John Correnti FerroAtlantica

CHICAGO — Globe Specialty Metals Inc. is not concerned about potential new silicon metal capacity in North America, citing increased demand and low energy costs, according to the company’s top executive.

Recently announced projects also might not impact the market for years—assuming they are ever built, Jeff Bradley, chief executive officer of the silicon metal and silicon-based alloys producer, said during an earnings conference call with analysts Feb. 7.

"Markets are improving all over the world," he said. "So as time goes you will see more capacity come up. ... As demand continues to grow, there is more capacity that will be needed."....

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