Ferroglobe & Coreshell Ink MoU To Deliver First Battery-Grade Metallurgical Silicon For Electric Vehicles
Portfolio Pulse from Benzinga Newsdesk
Ferroglobe and Coreshell have signed a Memorandum of Understanding (MoU) to produce the first battery-grade metallurgical silicon for electric vehicles (EVs), aiming for low-cost, high-range EV batteries in line with the U.S. Inflation Reduction Act.
March 11, 2024 | 9:12 pm
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Ferroglobe's partnership with Coreshell to produce battery-grade metallurgical silicon for EVs could significantly enhance its market position and financial performance.
The partnership with Coreshell positions Ferroglobe at the forefront of supplying critical materials for the EV industry, likely increasing demand for its products. This strategic move aligns with industry trends and regulatory incentives, potentially improving its financial outlook and stock performance in the short term.
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