What is causing the price volatility of HDFC FMP 1147D MARCH 2018(1) (541173) - Free Access to Group

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But operations at the facilities have halted sinceHurricane Helenetore through the southeast United States over the weekend, causinghistoric floodingand landslides, cutting off roads and power and endangering millions of residents.

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On Friday, October 4, Sibelco said its facilities “only sustained minor damage” and restoring the power to its plants has “progressed significantly.”

“Our final product stock has not been impacted. We are working closely with our customers to assess their needs and plan the restart of product shipments as soon as we can,” the company said instatement.

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“If you wanted to identify one mine complex that is critically important to the semiconductor manufacturing industry, and also solar panel industry, it’s the Sibelco and The Quartz Corp mines in Spruce Pine,” said Seaver Wang, co-director of the climate and energy program at environmental research center The Breakthrough Institute.

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“We know nothing right now about damage for (the mining companies) right now, but the damage in Spruce Pine is so devastating that I’m not sure when they will have employees able to return,” Bost said. “People are hurting, properties are destroyed, there are places where the roads no longer exist … My fiancée is a third-grade teacher, and her principal got a hold of her yesterday and said basically ‘the school is gone.’”

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“Please rest assured that Sibelco is actively collaborating with government agencies and third-party rescue and recovery operations to mitigate the impact of this event and to resume operations as soon as possible,” it said.

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“Our focus is to ensure that our employees and their families are safe while all efforts are made to contact those which are still unreachable. In addition to this, our teams are joining the local taskforces to try to restore the most basic services and bring further supplies to Spruce Pine,” The Quartz Corp said in a statement.

Quartz is an essential ingredient in the semiconductor manufacturing process. And its purity is crucial to avoid damaging the chips.

“You’re building these incredibly complicated chips that have, in some cases, 100 billion transistors, 100 billion tiny little machines, on a chip that is the size of your thumbnail … One atom being out of place could mean a defect that breaks the chip,” said Gregory Allen, director of the Wadhwani Center for AI and Advanced Technologies at the Center for Strategic and International Studies.

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“I would expect there to be a pause and a disruption in the supply chain for major chip manufacturers … as they wait for these mines to reopen,” said David Bader, professor and director of the Institute for Data Science at New Jersey Institute of Technology.

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“Most of the American economy, to some greater or lesser extent, is downstream from the semiconductor industry as a critical input,” CSIS’s Allen said.

However, Wang said that despite the scale of the devastation in Spruce Pine, there is still reason for optimism.

“This mine is considered a national strategic asset, and I would imagine that the federal government is going to move hell and high water to get it up and running as fast as possible … everyone knows this mining complex is important,” Wang said.

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