Alas, the silicon metal restrictions constitute a big problem for Dow Corning and other industrial consumers of silicon metal, but a bigger problem for the economy.
Under U.S. antidumping law, Dow Corning and all other consumers of silicon metal were forbidden from participating formally in the proceedings that lead to the imposition of the duties.
Target of the CITIC plunge into aluminium, the worst performing metal of the past 10 years, was an Australian affiliate of the Dow 30 member, Alcoa, with Citic Resources Holdings snapping up 7.8% stake in ASX-listed Alumina Ltd and Citic Group taking a 5.2% interest.