Ferroglobe Eyes Critical Materials, Venezuela Restart as Europe Struggles
Ferroglobe (GSM) is exploring production of critical materials like magnesium and recycling projects, with potential investments ranging from $180M to €20M. The company faces challenges in Europe due to increased imports and price drops. It seeks U.S. DoD support and considers restarting a Venezuelan plant. Ferroglobe reduced debt to $131M and holds $93M in cash, but reported insufficient EBITDA of $28M last year. It invested $17M in Coreshell for a 10% stake.



