Ann: Extension to Offer to Acquire 25% Interest in Malaysia, page-21

The production cost of ferrosilicon in th EU is now around €3,000/t
But further losses in the near term could result in a supply squeeze down the line. One European ferro-silicon producer told Argus that if spot prices held consistently below €3,000/t — approximate production costs — it would have to curtail its production. "If we do not climb above €3,000/t, we will see European production coming off line," a trader said.

This comes at a time when western nations are increasingly trying to reduce their reliance on Chinese metals and minerals, but supply constraints ensuing from the war in Ukraine have presented exceptional circumstances.

https://www.argusmedia.com/en/metals/argus-ferrous-markets