Ferroglobe PLC: Market Tailwinds Present Buying Opportunity

Jan. 12, 2023 2:53 AM ETFerroglobe PLC (GSM)GM, RNWEF, RNWEY, TSE3 Comments
Stella Mwende profile picture
Stella Mwende


  • Ferroglobe's total revenues fell 26% (QoQ) to $264 million, with volumes down 20% (QoQ) to 50,545 MT.
  • GSM has the chance to optimize and build an efficient asset footprint, considering that it is impacting the semiconductor industry.
  • GSM recorded the lowest net income since the beginning of 2022 as it dropped 47% (QoQ).

Silicon is a chemical element used in chips, building material and industry. Platinum rough stone, industrial use.


The share price of silicone and specialty metal producer, Ferroglobe PLC (NASDAQ:GSM) has declined by 24.42% (YoY). The company's Q3 2022 results were impacted by slow demand headwinds and volatility in energy prices. Aluminum producers in Europe curtailed production into 2023

Declining silicon production volume


This article was written by

Stella Mwende profile picture
I have more than five years experience in the financial industry. I focus mostly in the commodities, foreign exchange and cryptocurrencies. I also write on general issues like equity research, economics and geopolitics.Fellow contributor Crispus Nyaga is my colleague.

Disclosure: I/we have a beneficial long position in the shares of GSM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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