Ferroglobe PLC halved its losses quarter on quarter due to higher prices for silicon metal and alloys and manganese alloys in the first quarter ended March 31, according to results released on Tuesday May 18.
It was, however, the 13th quarterly loss in a row for the western world's biggest producer of silicon.Higher staffing costs related to the company's ongoing restructuring, including efforts in France and Spain, totaled $95.27 million, up from $54.55 million in the fourth quarter of 2020. The loss of governmental Covid-19 assistance programs also weighed...