FERROGLOBE Business Summary

Ferroglobe PLC (GSM) operates as a leading global producer of silicon metal and silicon- and manganese-based specialty alloys, generating revenue through the industrial-scale manufacture and sale of critical raw materials to the aluminum, chemical, steel, and renewable energy sectors. The company’s business is structured into three primary segments: Silicon Metal, Silicon-Based Alloys (including ferrosilicon), and Manganese-Based Alloys, supported by vertically integrated quartz and coal mining operations and hydroelectric assets. As of February 2026, Ferroglobe maintains its position as the largest merchant producer of silicon metal in the Western World, leveraging a global production footprint to capitalize on trade protections and the rising demand for high-purity silicon in EV battery and solar applications. It competes directly with Elkem ASA, Wacker Chemie AG, Dow Inc., and Simcoa Operations, distinguishing itself through its extensive Western operational base and strategic pivot toward high-growth advanced materials. Formed through the 2015 merger of Spain’s FerroAtlántica and the U.S.-based Globe Specialty Metals, the company is led by Executive Chairman Javier López Madrid and CEO Dr. Marco Levi, a seasoned industrial executive with prior leadership experience at Albemarle and Dow. The executive team includes CFO Beatriz García-Cos Muntañola, who brings extensive mining and metals finance expertise from her tenure at Bekaert and Trafigura, and CTO Benoist Ollivier, who oversees the firm’s innovation in silicon-rich anode technologies. Ferroglobe is anchored by the Villar Mir family’s Grupo VM, which remains the largest strategic shareholder with an approximate 36% stake, alongside significant institutional backing from firms such as Cooper Creek Partners, Hosking Partners, and BlackRock. The board is further strengthened by veteran directors including Lead Independent Director Bruce Crockett and former U.S. Ambassador Stuart Eizenstat.