Ferroglobe (GSM) has released an update.
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Ferroglobe PLC reported a robust financial performance in the second quarter of 2024, announcing a significant increase in sales by 15% and more than doubling its adjusted EBITDA from the previous quarter. The company’s French operations resumed, contributing to the growth in silicon metal and manganese-based specialty alloy volumes. Anticipating a positive outlook, Ferroglobe has narrowed its adjusted EBITDA guidance to $150-170 million.
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