“In 2020, silicon supply and demand are reasonably well in balance due to shutdowns globally and China’s exports dropping,” May said at Fastmarkets’ International Ferro-alloys conference on Tuesday November 10.
One of the reasons he cited for this is that global capacity for silicon has fallen from 2019 levels.
“In Europe, capacity is going down in places like Spain or France,” he said.
In October 2019, world-leading silicon supplier Ferroglobe idled three silicon furnaces in France
while it also sold subsidiary FerroAtlántica, the owner of 10 hydroelectric facilities, in A Coruna, Spain.
Even though Ferrogloble did not disclose the total tonnage of production idled, the effects of these curtailments were visible this year, May said. Production in Europe in the year to date has fallen to...