The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Price of Silicon Soars 300% After Shortage Resulting from Production Cut in China
    Indices News

    Price of Silicon Soars 300% After Shortage Resulting from Production Cut in China

    October 1, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    3d illustration of cpu over digital background with bank card
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Silicon metal, the second-most abundant element on Earth, has become scarce, increasing the risks from car parts to computer chips and bringing out another challenge for the global economy.

    • The shortage in silicon metal has led to a spike in prices up 300% in less than two months. It’s the latest in a series of disruptions, from disrupted supply chains to power crises, which is causing destructive environments for companies and consumers.
    • The worsening situation has pressured some companies to declare force majeure, which frees companies from liability in case of extraordinary events.
    • Norwegian chemicals manufacturer Elkem ASA stated they and other companies are suspending the sales of silicone-based products due to shortage.
    • The silicon problem also reflects how the global energy crisis is sticking out through economies in numerous ways. The cutting of output in China, the world’s biggest silicon producer, comes from the efforts to reduce the level of power consumption.

    Silicon accounts for 28% of the Earth’s crust by weight is one of the world’s most diverse building blocks. It is used in manufacturing various products ranging from computer chips and concentrate to glass and car parts.Source: Bloomberg.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    China silicon
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    European Central Bank

    Christine Lagarde Solidifies ECB’s Message on Combating Inflation

    June 28, 2022
    Salesforce-backed front

    Salesforce-Backed Front Valued at $1.7 Billion in Financing Round

    June 28, 2022
    G7 countries to hit Russia

    G7 Countries to Hit Russia With Brand-New Assents

    June 27, 2022
    China's clean power growth

    China’s Clean Power Growth Outlook for 2022 Maintains Getting Bigger

    June 24, 2022
    Add A Comment

    Leave A Reply Cancel Reply

      +  30  =  35

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.