Ferroglobe reports Q3 loss despite record silicon prices

November 18, 2021 / www.metalbulletin.com / Article Link

Silicon prices rose to a global record high in the July-September quarter of 2021 but Ferroglobe, the Western world's biggest silicon producer, lost money over the three-month period.

A $90.8 million debt repayment offset the higher prices imposed for all of Ferroglobe's products, contributing to a $97.6 million loss in the third quarter, according to a company results statement released on Wednesday November 17.

The London-based company has been undergoing a restructuring process for several years, and showed its first quarterly profit for...

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