Ferroglobe had been struggling for a while and was pretty inconspicuous. But the latest results released have caused a 20% rise in the share price and a wave of investor interest. What happened?
A basic overview
Ferroglobe is a global company based in Spain, specializing in the production of metal alloys and ferroalloys. These are alloys of iron and other elements such as silicon, aluminium or magnesium, which are used in the production of steel and other metals. The company was formed in 2015 through the merger of FerroAtlántica and Globe Specialty Metals. Ferroglobe currently has offices and production facilities in 20 countries and employs approximately 4,500 people.
Ferroglobe has an extensive product portfolio, including the aforementioned metal alloys, graphite electrodes and other products for various industries. The company also has research and development centers that help develop new technologies and innovations. In recent years, Ferroglobe has faced several challenges. These…