Ferroglobe Announces Long-Term Silicon Supply Agreement With LONGi; Ferroglobe Will Supply Quartz And Silicon To Longi
Portfolio Pulse from Benzinga Newsdesk
Ferroglobe PLC has entered into a long-term agreement to supply quartz and silicon to LONGi, a leading solar technology company. This partnership underscores Ferroglobe's role as a key supplier in the renewable energy sector and highlights the growing demand for silicon in solar technology applications.
February 20, 2024 | 10:02 pm
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Ferroglobe's long-term supply agreement with LONGi to provide quartz and silicon is expected to bolster its position in the renewable energy market, potentially leading to increased demand for its products and positive financial outcomes.
The agreement with LONGi, a leader in the solar technology industry, is likely to increase Ferroglobe's revenue and profitability in the short term due to the growing demand for silicon in solar applications. This partnership not only enhances Ferroglobe's market position but also signals confidence in its supply capabilities, potentially leading to further agreements in the renewable energy sector.
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IMPORTANCE 85
RELEVANCE 90