REC Silicon, Ferroglobe Aim to Set Up U.S. Solar Supply Chain

• (PLX AI) - REC Silicon and Ferroglobe announce a Memorandum of Understanding committing the companies to negotiate a raw material supply agreement and establish a low-carbon and fully traceable U.S.-based solar supply chain.
• • The MOU commits the companies to work together to increase production and employment at each of the companies' facilities
• • REC Silicon plans to re-start the currently idle Moses Lake plant in 2023 and make available high volumes of cost competitive, high quality, and low carbon solar grade polysilicon
• • Ferroglobe will be a critical partner in ensuring steady supply of fully traceable metallurgical grade silicon metal produced in the U.S. from locally sourced raw materials, REC Silicon said