The global ferrosilicon market presents a supply and demand pattern of "highly concentrated production and relatively dispersed consumption". On the production side, China, with its abundant coal and electricity resources as well as a huge domestic market, has long accounted for over 70% of global production. Its production capacity is mainly concentrated in northwest regions such as Ningxia, Inner Mongolia, and Qinghai. Russia, Norway, Brazil, Malaysia and other countries are also important producers, each relying on their geographical advantages such as hydropower and mineral resources to participate in global supply.The consumer market is closely related to the distribution of the global steel industry. As the largest producer of steel, China is naturally the largest consumer market for ferrosilicon; Traditional industrial countries and regions such as the European Union, Japan, South Korea, and the United States maintain stable demand due to high-end steel manufacturing and large-s…