[Ferro-Alloys.com]Silicon, a major material used in photovoltaic cells, modules and wafers, has seen prices surge by about 150 percent since the beginning of this year to an average of over 200,000 yuan ($31,100) per metric ton last week, buoyed by growing dem...

Ferroglobe had not confirmed the closure to Argus at the time of writing and was not immediately available for comment.

China's August output reached 233,300t, up by 7.56pc from July, according to data from the China Nonferrous Metals Industry Association.

The tone of steel bidding in September was established last Friday with the bidding price of HBIS Group at 10700 yuan per ton.

More buying interest from steelmakers is expected in the next few weeks and there should be an increase in inter-merchant trading in that time.

Steel mills that come to the market in September for ferro-silicon to be delivered in October will probably need to pay more than €1,900 per tonne.

...coupled with the elevated Chinese price for magnesium, the key consumer of 75% of ferro-silicon, drove up the ferro-silicon price.

Based in the north of Norway, Finnfjord operates three furnaces.