Industry Insights China Silicon Metal Market Update – Power Costs Trigger Shutdowns: Following the removal of preferential electricity tariffs in Xinjiang in September, one of China’s largest silicon producers announced plans to shut down 32 submerged arc furnaces.– Producers Hold Firm on Prices: Silicon producers are maintaining firm offers and resisting discounts as electricity costs rise and production cuts add pressure to supply.– Prices Rebound: Spot prices have edged higher, with futures movements influencing supplier quotations.

Industry Insights SILICON MARKET STRENGTHENS AS SUPPLY DISCIPLINE TIGHTENS INDUSTRY INSIGHTS : China’s silicon market showed signs of recovery in August 2026, supported by tighter supply, production adjustments, and stronger pricing across the silicon and solar value chains. HIGHLIGHTS: Silicon metal prices strengthened in August amid expectations of production cuts at major facilities in Xinjiang. Polysilicon prices rose sharply, with average domestic dense and recharge material prices reaching approximately RMB 40.5/kg on August 18, up 26.96% from July 31. Major producers increased supply discipline, with eight leading Chinese polysilicon companies pledging to avoid selling below full production costs. Solar cell prices also moved higher, as stronger upstream material prices began to affect the downstream photovoltaic supply chain. Demand remains cautious,

Industry Insights SILICON METAL DEMAND TO GROW AS AI, EV AND SOLAR INDUSTRIES EXPAND Industry Insights： The global silicon metal market continues to benefit from the growth of renewable energy, electric vehicles (EVs), and artificial intelligence (AI)-related technologies. Silicon metal remains a critical raw material for aluminium alloys, silicones, polysilicon production, and semiconductor manufacturing. Recent industry forecasts estimate that the global silicon metal market could exceed USD 13 billion by 2034, supported by increasing demand from the solar energy and advanced manufacturing sectors. As countries accelerate energy transition plans and invest in digital infrastructure, silicon metal is becoming increasingly important across multiple strategic industries. HIGHLIGHTS: Solar Energy – Silicon metal is the primary raw material used in polysilicon production, supporting