GSM Founder: Auto, Solar Markets Spurring Silicon Metal Demand

Surging growth in the automotive and solar end markets is spurring demand for silicon metal, said Alan Kestenbaum, Executive Chairman of Globe Specialty Metals.
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Surging growth in the automotive and solar end markets is spurring demand for silicon metal, said Alan Kestenbaum, Executive Chairman of Globe Specialty Metals. Kestenbaum added that lower energy prices are lifting the company's margins since transportation is a major cost for the company. He said GSM is vertically integrated so it is not at the mercy to price fluctuations of key inputs like coal, wood chips and quartz. Finally, Kestenbaum said that GSM is North America’s largest producer of silicon metal, an essential raw material with no substitute, which will increase in demand as the economy strengthens.