In the Pavlodar region, together with an investor from India, they plan to build a new plant.

India¡¯s Monnet Group intends to build a ferrosilicon smelter in the Pavlodar region of Kazakhstan for an outlay of $250 M (€211 M).

The ferrosilicon will be mainly exported, the Interfax news agency reported the ministry as saying.

The current ferrosilicon market is still tight-supply, the atmosphere of price support is strong.

The 2101 ferrosilicon contract price on ZCE closed at 5844 yuan per ton on October 23.

Ferrosilicon tender notice of October, 2020 (10/23/2020).

Indian ferro silicon prices remain stable despite moderate demand from the domestic market.

The country is also expected to remain the world's largest primary energy consumer despite slowing demand growth.