Silicon prices vary each year, depending on the demand and supply, and how well the economy is doing. If your business has something to do with silicon, knowing about the trend of its price is important to stay on top of your game. In this article, we will discuss the important things you need to know about silicon prices.
Silicon metals and alloys play an important role in various industries. Silicon is widely used for various semiconductor applications, such as solar panels, computer chips, microchips, high-powered devices, and even in the automotive industry. Ferrosilicon is widely used in steel industries and ferrous foundries, while silicon metal is commonly employed for aluminum and the chemical industry.
Silicon makes up 30% of the earth’s crust and is considered to be one of the most abundant elements on the earth’s surface. It a diverse element with many uses. Its versatility makes it very useful in various industries, especially in the industrial sector; specifically, in the electronics industry. It's also used in the commercial sector. In the U.S., from 2014-2018, the average cost of ferrosilicon containing 50% silicon is about 104 U.S. cents per pound, while silicon metal costs about 138 U.S. cents per pound.
China contributes a large percentage of the world’s silicon supply. In the year 2018, they produced about four million metric tons of silicon, while the U.S. only produced about 430,000 metric tons. During that time, the price of silicon was about 1.38 U.S. dollars per pound and 1.04 U.S. dollars per pound for ferrosilicon with 50% silicon.
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