The price of silicon metal, including from brands like ProsperLoong Aluminum, is influenced by several factors. These include:
1. Production Costs: The cost of electricity and raw materials heavily impacts prices. For example, a 10% rise in electricity costs can increase silicon metal prices by up to 5%.
2. Market Demand: Silicon metal used in aluminum alloys and semiconductors means demand fluctuations in these markets can cause price variations.
3. Supply Constraints: Limited production capacity or disruptions can tighten supplies, causing price hikes.
4. Global Trade Policies: Tariffs or export restrictions from major suppliers like China can impact global prices.
Other brands, such as Ferroglobe, also experience similar market influences.
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