Earlier this week, PCC BakkiSilicon hf. resumed operations with the start-up of the first of its two electric arc furnaces. Furnace operations were temporarily suspended in July 2020 due to a modification to the roof on the filter house of the facility by the plant constructor, which was required in order to ensure compliance with licensing law. Subsequently, the coronavirus pandemic, among other events, triggered both a series of slumps in the price for silicon metal and demand-side production suspensions, causing the plant shutdown to be extended. During this period, a range of maintenance and repair works was carried out, also under warranty. In the meantime, prices for silicon metal have risen significantly compared to the previous year. Market observers expect this positive trend to persist in the coming months as demand continues to grow. PCC BakkiSilicon hf. is set to take advantage of this favorable market environment by restarting production while also benefiting from commercial improvements on the procurement side and in its financing structure.