Brief: REC Silicon Q1 Silicon Gas Sales Volumes Were 850 MT

Rec Silicon ASA

10/05/2024 07:10

May 10 (Reuters) - REC Silicon ASA  RECSI.OL :
    * SILICON GAS SALES VOLUMES FOR Q1 WERE 850 MT COMPARED TO
832 MT
DURING PRIOR QUARTER
    * TOTAL POLYSILICON SALES VOLUMES FOR Q1 WERE 181 MT
    * DISCUSSIONS WITH SILICON ANODE MATERIALS PRODUCERS
CONTINUE AND
SOME ARE EXPECTED TO REACH A RESOLUTION THIS YEAR
    * WE WILL CONTINUE TO HAVE CHALLENGES AS OUR COMPANY
TRANSITIONS
THIS YEAR AND WE WILL CONTINUE TO ANTICIPATE, ADAPT AND RESOLVE
AS THEY MANIFEST
    * SEASONALLY HIGH ELECTRICITY PRICES, INVENTORY ADJUSTMENTS
AND
PRODUCT DELIVERY PUSHOUTS DAMPENED RESULTS
    * EXPECTATIONS ARE  FOR WAFER PRODUCTION GROWTH FOR THE
REMAINDER
OF 2024
    * DECLINE IN WAFER INVENTORY WILL HELP TO PULL FROM
POLYSILICON
INVENTORY BUT OVERALL BALANCE  IS NOT EXPECTED UNTIL SECOND HALF
OF 2024

Source text for Eikon:  ID:nMFN2dBKGH 
Further company coverage:  RECSI.OL 

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