Silicon metal production is highly energy intensive and prices of coal and electricity often witness volatility. Additionally, stringent environmental regulations in various countries pose another challenge as they increase production costs. Additionally, Geopolitical issues and trade wars further contribute to supply uncertainties. Moreover, the market faces demand uncertainties from key end-use industries such as aluminum, chemicals, and solar panels that are influenced by macroeconomic conditions.
Opportunities: Rising sales of aluminum alloys and stainless steel
Rising sales of aluminum alloys and stainless steel will drive silicon metal consumption. Furthermore, the expansion of the chemical industry especially in Asia Pacific is projected to boost demand. Increased investments in the solar industry following commitments to Renewable Portfolio Standards also provide an avenue for growth. Significant untapped markets in developing regions offer immense potential for silicon metal producers.
Silicon Metal Market Report Snapshots
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