1 EXHIBIT 10.11 Certain portions of this exhibit have been deleted and confidentially filed with the Securities and Exchange Commission pursuant to a confidential treatment request under Rule 406 under the Securities Act of 1933, as amended. The confidential portions of the exhibit that have been deleted are indicated by "[*****]" inserted in place of such confidential information. SILICON METAL PURCHASE AGREEMENT ITEM: [********************] Silicon Metal [*************************] [***************] Size: [*****************************] Shipped in bulk truckload quantities DURATION: Jan. 1, 1997-Dec. 31, 1998 QUANTITY: A) [*****] tons/month [***********] distributed as: [***] tons [************] [*****] tons [***********************] B) As less [**********] is generated, tonnage lost is converted to additional [*********] tons TERMS: [******************************************** ***************************************************] Review [********************************] (if needed) PRICE: [*****************] is [**] cents/pound. Price [*************************************************** ******************************************************** ******************************************************** ********************************************************] end of the contract. The Wabash price [********************** *************]. [******************] is [***] cents/pound for 1997. Price for 1998 [*********]. CANCEL: Must be written with six (6) month's advance notice. /s/ 12/10/96 - --------------------------------- --------------------------------- Wabash Alloys Date /s/ 12/15/96 - --------------------------------- --------------------------------- SIMCALA Date [*] Confidential treatment requested