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Ferroglobe Plc - GSM STOCK NEWS

Welcome to our dedicated news page for Ferroglobe Plc (Ticker: GSM), a resource for investors and traders seeking the latest updates and insights on Ferroglobe Plc.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ferroglobe Plc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ferroglobe Plc's position in the market.

News
Ferroglobe Appoints Carsten Larsen as Chief Commercial Officer
Rhea-AI Summary
Ferroglobe PLC appoints Carsten Larsen as Chief Commercial Officer, bringing three decades of experience in business growth strategies. Larsen's background includes roles at Agilyx ApS and Dow, enhancing Ferroglobe's sales and marketing strategies.
Rhea-AI Impact
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End-of-Day
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Ferroglobe & Coreshell Sign a Memorandum of Understanding to Deliver World’s First Battery-Grade Metallurgical Silicon for Electric Vehicles
Rhea-AI Summary
Ferroglobe PLC (NASDAQ: GSM) and Coreshell partner to develop low-cost, high-range EV batteries using metallurgical silicon, aiming to revolutionize the electric vehicle industry. The partnership aims to replace graphite and silane-based silicon in batteries, potentially increasing driving range by 30%. This innovative collaboration addresses the cost and range limitations of current electric vehicle batteries, offering a breakthrough solution for consumers and automakers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
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News
LONGi and Ferroglobe Announce Silicon Long-Term Agreement
Rhea-AI Summary
LONGi and Ferroglobe announce a long-term supply agreement for high-quality silicon materials, showcasing a strategic partnership to enhance collaboration and support solar technology advancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
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Ferroglobe Reports Solid Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Ferroglobe PLC (NASDAQ: GSM) announced financial results for Q4 and full year 2023, with 2024 adjusted EBITDA guidance of $100-170 million. The company reported a 36% Y/Y revenue decline, with adjusted EBITDA down 63% Y/Y. Q4 adjusted EBITDA declined by 42% from Q3 and 54% from Q4-22. Despite softening demand, the company posted solid financial and operational performance, initiated a quarterly cash dividend, and optimized energy contracts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.33%
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earnings
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News
Ferroglobe and LONGi Announce Long-term Silicon Supply Agreement
Rhea-AI Summary
Ferroglobe PLC (NASDAQ: GSM) and LONGi, a solar technology company, have signed a long-term supply agreement for quartz and silicon. The partnership aims to enhance collaboration and support LONGi's goal of increasing purchases from leading Western suppliers. This agreement signifies a commitment to operational excellence and traceability in the solar industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
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Ferroglobe Announces the Full Redemption of its Remaining 9.375% Senior Secured Notes Due 2025
Rhea-AI Summary
Ferroglobe PLC (NASDAQ: GSM) announces the full redemption of its 9.375% Senior Secured Notes due 2025, amounting to $147,623,624, plus accrued interest and call premium. The redemption date is expected to be on February 16, 2024. The company plans to use cash on the balance sheet for the redemption. This move signifies a significant milestone for Ferroglobe, as it has successfully reduced its adjusted gross debt by approximately $370 million since the end of 2022, highlighting its strong ability to generate free cash flow. The reduction in debt level and redemption of the notes indicate the company's success in strengthening its balance sheet. This action is expected to enhance the company's financial flexibility, enabling the implementation of a capital return policy and providing more attractive avenues for debt financing in the future. The repurchases and redemption of the notes are estimated to save the company approximately $32 million in annual interest expense compared to 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.25%
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none
News
Ferroglobe PLC Schedules Fourth Quarter and Full Year 2023 Earnings Call for February 22, 2024
Rhea-AI Summary
Ferroglobe PLC (NASDAQ: GSM) will release its fourth quarter and full-year financial results on February 21, 2024, and host the quarterly earnings call on February 22, 2024. Conference call participants can pre-register for dial-in numbers and a personal PIN. A simultaneous audio webcast and replay will also be accessible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
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earnings
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Ferroglobe Reports Strong Third Quarter 2023 Financial Results
Rhea-AI Summary
Ferroglobe PLC (NASDAQ: GSM) announced Q3-23 financial results with revenue of $416.8M, down 9% over the prior quarter. Adjusted EBITDA was $104.5M, down 1% over the prior quarter. The company acquired a high-quality quartz mine in the U.S. to meet increasing demand for silicon metal by solar and EV battery markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
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earnings
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Ferroglobe Acquires Strategic High-purity Quartz Mine in the U.S.
Rhea-AI Summary
Ferroglobe PLC announces the acquisition of a high-purity quartz mine in South Carolina for $11 million in cash. An additional $4 million will be spent on infrastructure. The mine has a capacity of over 300kt per year and will increase Ferroglobe's mining capacity by 50%. Production is expected to start in the second half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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acquisition
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Ferroglobe PLC Schedules Third Quarter 2023 Earnings Call for November 8, 2023
Rhea-AI Summary
Ferroglobe PLC to release Q3 financial results and host earnings call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.3%
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earnings
Stock GSM logo
Ferroglobe Plc

Nasdaq:GSM

GSM Rankings

#2444 Ranked by Market Cap
#3564 Ranked by Stock Gains
#1796 Ranked by Dividends

GSM Stock Data

965.29M
88.46M
40.33%
51.59%
All Other Metal Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
UK
London

About GSM

ferroglobe is one of the largest producers of a wide variety of metal alloys and other metallic products. the company uses state-of-the-art-technology in all its processes to provide the best products, which are critical ingredients in many industrial and consumer products. this business approach allows the company to be at the forefront of silicon-based alloys production, but also provide manganese, ferrosilicon alloys and silica fume among others. moreover, it is remarkable that beyond metal-related industries, ferroglobe is also involved in hydro-electrical power generation and mining, both of which are related to its core activities and which produce synergies that benefit the company. the company is organized into several business areas (electrometallurgy / mining / energy / solar photovoltaic technologies) divided into operational units located all around the world in: spain, united states, france, canada, south africa, argentina, venezuela and china. with this international infr