Nov. 21, 2013, 12:41 PM
- Globe Specialty Metals (GSM +3.8%) says it has acquired Silicon Technology, a silicon alloy producer in South Africa with annual production capacity of 45M metric tons.
- GSM says the deal increases its silicon alloy capacity by 30%, and its strategic location will enable it to supplement the Argentina facility to service European, Asian and Middle Eastern markets.
Jul. 31, 2013, 12:53 PM
- A spike in Molycorp (MCP +6.7%) is attributed to an article that says China rare earth prices skyrocketed in the past week.
- Dysprosium oxide jumped 79% in the past week, according to MetalMiner's price index; yttria climbed 47%, terbium rose 34.5%.
May. 21, 2013, 8:05 AMMolycorp (MCP) +5.4% premarket on a report that China exported 2,196 metric tons of rare earth in April, a 28% rise from March, and 6,112 tons in the first four months of this year, double the year-ago volume. The data indicates bargain hunting may be reviving global demand for rare earth metals. | Comment!
Sep. 17, 2012, 11:20 AMGlobe Specialty Metals (GSM -6.8%), a producer of silicon metal and other silicon-based alloys, is cut to Neutral at B. Riley based on valuation, although the firm continues to like the long-term story. The firm says silicon metal prices remain lackluster, and estimates "would need to come down" if silicon metal prices don't improve in time to be reflected in contracts. | Comment!
Aug. 21, 2012, 12:11 PMGlobe Specialty Metals (GSM +7%) jumps after posting better-than-expected FQ4 results as the producer of silicon metal and other silicon-based alloys increased production efficiency and lowered costs. "The diverse end markets that we serve including steel, autos, consumer goods and solar continue to grow despite headwinds in Europe," CEO Jeff Bradley says. | Comment!
Feb. 7, 2012, 3:59 PM
Feb. 6, 2012, 2:39 PMGlobe Specialty Metals (GSM +1.6%) moves up after its FQ2 beats estimates despite slowing Q/Q sales. Shipments dropped 5% from the previous quarter, largely because of reduced production from its Bridgeport, Alabama plant due to a fire plus planned maintenance and upgrades on six other furnaces. | Comment!
Jan. 5, 2012, 2:42 PM
Aug. 24, 2011, 10:18 AM
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