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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Javier López Madrid ExecutiveBoard | Executive Chairman | CEO of Grupo VM, Founder of Financiera Siacapital and Tressis, Member of WEF and G50 | Executive Chairman since 2016, instrumental in GSM's formation through the merger of Grupo FerroAtlántica and Globe Specialty Metals. | |
Marco Levi ExecutiveBoard | Chief Executive Officer | Non-Executive Director at Mativ Holdings, Inc. | Appointed CEO in 2020, previously led Alhstrom-Munksjö Oyj and held senior roles at Styron and Dow Chemical. | View Report → |
Beatriz García-Cos Muntañola Executive | Chief Financial Officer | Non-Executive Director at Bodycote plc (effective September 1, 2023, pending shareholder approval) | Appointed CFO in 2019, previously held CFO roles at Bekaert NV and Trafigura Beheer BV, with extensive experience in finance and strategy. | |
Belén Villalonga Morenés Board | Non-Executive Director | Professor at NYU Stern, Board Member at Banco Santander International and Mapfre USA | Appointed in 2021, an expert in corporate governance and finance, with academic and board experience. | |
Bruce L. Crockett Board | Senior Independent Director | Chairman of Invesco Mutual Funds Group, Director at ALPS Property & Casualty Insurance Company | Non-Executive Director since 2015, with extensive experience in corporate governance and financial oversight. | |
Juan Villar-Mir de Fuentes Board | Non-Executive Director | Chairman of Grupo Villar Mir and Inmobiliaria Espacio, Vice Chairman of OHL | Non-Executive Director since 2015, with extensive leadership experience in real estate and construction industries. | |
Manuel Garrido y Ruano Board | Non-Executive Director | CFO of Grupo Villar Mir, Chairman of Fertial SPA | Non-Executive Director since 2017, with a strong background in finance and leadership within Grupo Villar Mir. | |
Marta de Amusategui y Vergara Board | Non-Executive Director | Founder of Abrego Capital, Board Member at Eland Private Equity and Eccocar Sharing | Appointed in 2020, brings expertise in strategy, finance, and digital transformation. | |
Nicolas de Santis Board | Non-Executive Director | CEO of De Santis Corporate Vision Strategists, Board Member of several foundations | Appointed in 2021, a strategist and entrepreneur with expertise in corporate vision and innovation. | |
Rafael Barrilero Yarnoz Board | Non-Executive Director | Senior Advisor at AltamarCAM and Grupo Hedima, Collaborator with HAZ Foundation | Appointed in 2021, a seasoned consultant with expertise in talent and reward advisory for multinational corporations. | |
Stuart E. Eizenstat Board | Non-Executive Director | Senior Counsel at Covington & Burling LLP, Special Adviser on Holocaust Issues, Chair of USHMM | Former U.S. Ambassador to the EU and Deputy Secretary of the Treasury, with a distinguished career in public service and law. |
Research analysts who have asked questions during Ferroglobe earnings calls.
Martin Englert
S&P Global Commodity Insights
5 questions for GSM
Kyle Mowery
GrizzlyRock Capital
2 questions for GSM
Lucas Pipes
B. Riley Securities
2 questions for GSM
Nick Giles
B. Riley Securities
2 questions for GSM
Fedor Shabalin
B. Riley Securities
1 question for GSM
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Ferroglobe's South Carolina Quartz Mine | 2023 | Acquired a high-purity quartz mine in South Carolina for approximately $11 million in cash with an additional $4 million in planned infrastructure investments. The deal secures over 300,000 tons per year of production capacity with a reserve life of 10+ years, ensuring vertical integration, cost advantage, and self-sufficiency in critical quartz supply for solar and battery tech, with production slated for H2 2024. |
Recent press releases and 8-K filings for GSM.
- Ferroglobe PLC has significantly deleveraged, reducing debt from $550 million in 2021 to $100 million today, achieving a net cash position of $10 million (gross debt of $125 million and cash of $135 million) at the end of the second quarter. The company has also initiated capital returns, paying a quarterly dividend of $0.14 per share and executing $7 million in share buybacks since Q3 last year.
- As the largest producer of silicon metal in Europe and the U.S., Ferroglobe has diversified revenues with approximately 50% from silicon metal, 25% from manganese alloys, and 25% from silicon-based alloys.
- The company is currently facing headwinds from Chinese silicon metal dumping in Europe, which has caused prices to drop by 30% in the last six months to €1,600-€1,700 per ton. However, ongoing trade measures, including an EU safeguard investigation with a final decision expected by November 20, and a U.S. silicon metal case (CVD preliminary decision in September), are anticipated to help the company regain market share and improve economic metrics.
- Ferroglobe is strategically investing in future growth, including a $10 million investment in CorShell, a company developing enhanced silicon use in EV battery anodes, with test battery shipments to OEMs expected in Q3 or Q4. The company also maintains an operational focus on working capital enhancements, aiming for a $100 million reduction from Q3 last year to the end of this year.
- Ferroglobe withdrew its guidance for Q2 2025 due to increased uncertainty and limited visibility, citing changing trade dynamics, delays in EU safeguard decisions, and increased low-priced Chinese imports impacting the European market.
- The company reported substantially improved Q2 2025 financial results compared to Q1 2025, with sales increasing to $386.9 million from $307.2 million and Adjusted EBITDA turning positive at $21.6 million compared to $(26.8) million in Q1 2025.
- Ferroglobe achieved neutral free cash flow of $0.0 million in Q2 2025, supported by $15.6 million in operating cash flow and $14 million in working capital release.
- The company is well-positioned for an anticipated market rebound in 2026, expecting positive impacts from EU safeguards and U.S. trade policies.
- Ferroglobe maintained a strong balance sheet and returned capital to shareholders, including $2.6 million in dividends and $2.0 million in share buybacks during Q2 2025.
- Ferroglobe PLC (GSM) was included in the Russell 2000® and Russell 3000® Indexes, effective June 30, 2025.
- This inclusion is based on the Russell US indexes' methodology, which ranks the 3,000 largest U.S. stocks by total market capitalization as of April 30 each year.
- Ferroglobe's CEO, Dr. Marco Levi, views this as a meaningful milestone that increases the company's visibility among institutional investors.
- As of June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell US indexes.
- Risk and geopolitical exposures persist, with the company noting potential adverse impacts from economic, regulatory, and geopolitical factors such as energy cost volatility and uncertainties in global markets.
- The firm’s multi-year turnaround plan has yielded consecutive positive EBITDA results from 2022 through 2024, reflecting strategic operational improvements.
- Ferroglobe’s board approved a five-year share repurchase program, with 598,207 shares repurchased by December 31, 2024, highlighting an emphasis on capital management.
- Q1 2025 performance: Recorded an adjusted EBITDA loss of $27 million (Tweet 1: , Tweet 2: ), driven by a 27% decline in silicon metal volumes and soft pricing, with overall revenue down 16% to $307 million.
- Results vs. previous quarter: Despite the Q1 downturn, results were in line with expectations following a positive performance in the previous quarter .
- Robust full-year guidance: Maintained the full-year adjusted EBITDA outlook of $100–$170 million with expectations of a turnaround and significant volume increases in silicon metal and alloys in Q2 .
- Strong capital discipline: Delivered positive cash flow performance with a CFO of $19 million and $5 million free cash flow, supported by improved working capital management .
- Enhanced shareholder returns: Increased dividend by 8% to $0.04 per share and continued share repurchases, highlighting disciplined capital management in a challenging market .
- Ferroglobe PLC filed a 6-K report on April 24, 2025, detailing that its U.S. subsidiary and partner, Mississippi Silicon LLC, have submitted petitions to halt unfairly traded silicon metal imports from Angola, Australia, Laos, Norway, and Thailand.
- The petitions allege dumping with margins up to 337.84% and significant subsidies, with U.S. authorities set to begin antidumping and countervailing duty investigations by May 14, 2025, and a preliminary ITC determination expected by June 9, 2025.