Silicon metal prices in the United States inched up again in January, pressured by lingering supply concerns, while strong sentiment across the rest of the globe kept European and Chinese prices steady.
American Metal Market assessed the spot price for US delivered 553 silicon at $1.40-1.42 per lb on Wednesday January 10, up by 2.5% from a month earlier when prices were in a range of $1.35-1.40 per lb. Lingering concerns of tightened supply in the United States amid ongoing dumping and countervailing duty investigations into US imports of the material from several countries continue to lend support to prices.Furthermore, several industry participants also reported that high freight rates and a truck shortage have made logistics more challenging and expensive. "Costs depending on the area have almost doubled,"...