Hurricane Helene Halts Quartz Mines Vital for Chipmaking and Solar [Yahoo! Finance]
INFINEON TECHS AG S/ADR (IFNNY)
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Source: Yahoo! Finance
Most Read from Bloomberg Sibelco and Quartz Corp. both shut their operations on Sept. 26, the companies said in separate statements. It's too early to say when production could restart, they said. The mines are near Spruce Pine, a small town an hour north of Asheville in North Carolina that's one of the most important global suppliers of quartz. The two operations account for more than 80% of the world's supply of commercial high-purity quartz, BloombergNEF said in a report last year. There's only about 20,000 tons a year of extremely high purity quartz produced at Spruce Pine, BNEF solar analyst Jenny Chase said in a note on Tuesday. It's important to both the solar and semiconductor industries, because it's used to make the inner layer in crucibles, she said, adding that a prolonged disruption in supply could accelerate the adoption of synthetic alternatives. The storm severely hit the community, which is struggling with flooding and power and communication outages, and the
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