31 October 2008 19:04 [Source: ICIS news]
Officials at Elkem’s offices in ?xml:namespace>
But Q-Cells, described as the world’s largest solar cell producer, said it had secured additional deliveries from other suppliers to make sure it could meet its production targets for 2009.
In July, the company signed a contract for an additional 6,000 tonnes/year of silicon from 2010 to 2013 with Canadian producer Becancour Silicon, a wholly-owned subsidiary of Toronto-based specialty metals firm Timminco.
Under an earlier deal, Becancour was to supply Q-Cells with 3,000 tonnes of silicon next year.
Silicon markets were not expected to perceptibly ease before the end of 2009, despite the build-up of capacities in the recent past, Q-Cells said in its latest six-month financial report to 30 June.
Q-Cells' shares were up 5.73% to €30.84 ($40.05) in
The stock lost 56.73% of its value in the past 30 days in the wake of the meltdown on global capital markets.
($1 = €0.77)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|