This is a decision made to secure the Icelandic power market through the winter of 2015/2016.
For Elkem Iceland the curtailment is equivalent to our largest furnace being shut down for six weeks in Q4 this year, reducing the supply of ferrosilicon by approximately 5-10,000 mt.
Elkem will keep all commitments to our customers, but will provide less standard ferrosilicon to the spot market.
The curtailment will be reviewed by Landsvirkjun on a regular basis and may change as the water supply situation develops. We will keep our customers informed of developments relevant to our production.
For more detailed information please contact:
Kári Marís Guðmundsson,
Global Sales Manager Ferrosilicon
Mobile: +354 8606207