Ferroglobe has three furnaces at its Sabon plant, each with a nameplate annualized capacity of about 14,000 tonnes. Typical output is around 10,000 tonnes per year of a mixture of both 441 and 553 grades of silicon metal, although it trade sources estimated that annualized total production is currently closer to around 20,000 tonnes.
On Friday, Fastmarkets approached the company for comment, but Ferroglobe officials had not confirmed the furnace shutdown at the time of writing.
In a statement, CIG urged Ferroglobe to not use the cost of electricity as a reason to cut silicon production and jobs at Sabon. There is also industry talk that Ferroglobe may shut another silicon furnace at Sabon in the near term, according to trade sources.
"The CIG calls on the company not to use the cost of electricity as a justification to destroy jobs and relocate production, given the profitability...