U.S. Silica Holdings, Inc. (NYSE: SLCA) stock jumped 11.34% in the pre-market session this morning following reports announcement by the company that the Industrial and Specialty Materials company will lift prices on most of its non-contracted silica sand, diatomaceous earth, perlite, cellulose and clay products mainly used in filtration, glass, castings, paints, coatings, elastomers, roofing, plastics, recreation, manufacturing, agriculture, pet litter, and other applications.
Depending on the quality and grade, price changes can differ from up to 15 percent. For shipping beginning Jan. 1, 2021, the price changes are successful.
The price spikes would sustain the company’s continuing investments in improving its ability to satisfy the increasing demand for its goods and cover the growing production cost.
