Production cuts recently announced by world-leading silicon supplier Ferroglobe as part of it restructuring plan have triggered supply concerns among some market participants, with consumers increasingly eyeing China to meet demand needs.
"The supply in Europe going to be very tight," an industry source told Fastmarkets. "With all the production cuts, good levels of demand and lack of new projects in the pipeline, I see a shortage of 80,000 tonnes of silicon in 2021.""Following two years of significant market declines, resulting in financial losses, Ferroglobe has designed a...