Ferroglobe PLC

The European Commission has initiated a formal interim review of the anti-dumping duties on silicon metal imports from China, based on an application by Euroalliages dated July 8, 2026. It is examining whether Chinese silicon metal was sold into the EU below fair value and whether this caused material injury to EU producers. The measure follows other trade defence actions already affecting Ferroglobe, and CEO Marco Levi stresses the need to restore fair competition in light of a shift in production to Angola. » Więcej na de.investing.com

At the Midwest IDEAS conference, Ferroglobe reported that despite strong market pressure from silicon metal dumping from China and Angola, it is pursuing a realignment toward critical raw materials, extensive cost cuts and balance-sheet tightening. Net debt has been reduced from more than $500 million in 2021 to $131 million, but EBITDA for 2024 was only $28 million, limiting capital expenditures and share buybacks. Management is targeting 30–40% efficiency gains, is evaluating reactivation of low-cost plants in Venezuela and plans expansions into magnesium, antimony, silver, gallium and ferroalloys—with interest from the U.S. Department of Defense. Ferroglobe also holds a $17 million stake in Coreshell Technologies for development of silicon anodes for batteries, with revenues expected no earlier than 2027–2028. » Więcej na de.investing.com

Ferroglobe reported an adjusted EPS of $0.00 and revenue of $378.6 million for Q2 2026, each slightly above analysts' estimates. Adjusted EBITDA rose to $13 million and free cash flow turned positive to $20 million, supported by a $28 million release of working capital. Shipments increased 7%, notably silicon metal up 34%, and the EBITDA margin improved to 3.5%. Management highlights expansion opportunities in critical raw materials (magnesium, ferromolybdenum, gallium) and expects initial commercial activities before the end of 2026; share buybacks remain suspended for now. » Więcej na de.investing.com