Network Metals LLC

Silicon prices have remained quite steady throughout the global “correction” as compared to other ferroalloys and ores. The price has basically held above $1.00 per lb., which is probably more of a credit to the domestic supplier price discipline so as not to attract imports as opposed to steady demand. The auto sector is coming back to life, and we are hearing that 2010 contracts are being booked in the neighborhood of the $1.00 per pound level. Those customers that are waiting to buy in the spot market, and those customers that are not credit-solid will likely experience a decent price spike in 2010, when most suppliers will claim to be “sold out”.