Staff shortages help to push US silicon price off 10-year high

July 17, 2021 / www.metalbulletin.com / Article Link

The silicon metal price in the United States has fallen for the first time since October 2020, retreating from its 10-year high, partly due to reduced buying by silicon-bearing alloy makers who lack the staff to make their alloys, sources told Fastmarkets.

US employees have been leaving their jobs in record numbers, the US Bureau of Labor Statistics reported in June. Four million Americans resigned in April, up 24% since the pandemic began.
Spot purchases in the week to July 16 were made at the bottom of Fastmarkets' range - clustered at or below $1.55 per lb for delivered silicon - and many major suppliers reported $1.60 per lb as the current ceiling, despite some traders offering far higher prices due to limited US spot supply.

Fastmarkets assessed the price for silicon, ddp US at $1.55-1.60 per lb on Thursday July 15, down from...

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