Australian silicon maker to exit US market after new tariffs
Australia's only silicon manufacturer, Simcoa, says it will pull its business out of the United States on 14 August after a new tariff decision made sales there uneconomic. The company says the additional levy on its silicon exports has left it with no viable way to continue in the market. Simcoa has said it will instead look for alternative buyers in South-East Asia and India.The company's vice-president, David Miles, said the business had no choice but to leave the US market for good. He said Simcoa had a limited amount of stock already in warehouses in the United States, most... [Continue Reading]
360LiveNews | 06 Aug 2026 06:35 LONDON
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