LONGi and Ferroglobe Announce Silicon Long-Term Agreement, Financial Terms Unidsclosed
Portfolio Pulse from Benzinga Newsdesk
LONGi, a leading solar technology company, and Ferroglobe PLC, a top producer of Silicon Metal and Ferroalloys, have entered into a long-term supply agreement starting January 1, 2024. Ferroglobe will supply high-quality quartzite and metallurgical grade silicon to LONGi, enhancing their partnership and collaboration.

March 04, 2024 | 10:49 am
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Ferroglobe PLC has secured a long-term supply agreement with LONGi to provide quartzite and metallurgical grade silicon, starting January 1, 2024.
The agreement with LONGi, a leading solar technology company, is likely to provide a stable and significant revenue stream for Ferroglobe over the long term. This partnership not only secures a buyer for Ferroglobe's products but also strengthens its position in the solar industry supply chain. Given the growing demand for solar technologies and the strategic nature of this partnership, it's reasonable to expect a positive impact on Ferroglobe's stock in the short term.
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