Car-making decline drags on 'toppy' US silicon price

The rise of silicon metal prices in the United States is being slowed by falling auto demand related to the computer chip shortage, and the price having gone about as high as the market will bear, sources told Fastmarkets.

The silicon spot price is at its highest in almost a decade, mostly reflecting tight supply. But now, many buyers say end demand has fallen by at least 10-20%.

Prior to this assessment period, secondary aluminium alloy makers - the main buyers of standard-grade silicon - said they had yet to feel the effects of reduced auto production...

Published

Orla O'Sullivan

May 10, 2021

11:13 GMT

New York