Ferroglobe & Coreshell Sign Memorandum Of Understanding To Produce Battery-Grade Metallurgical Silicon For Electric Vehicles
Portfolio Pulse from Benzinga Newsdesk
Ferroglobe PLC and Coreshell have signed a Memorandum of Understanding (MoU) to collaborate on the production of battery-grade metallurgical silicon, specifically for use in electric vehicles (EVs). This partnership aims to leverage Ferroglobe's expertise in silicon production and Coreshell's innovative technology to enhance the performance and efficiency of EV batteries.

March 12, 2024 | 12:05 pm
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Ferroglobe PLC's partnership with Coreshell to produce battery-grade metallurgical silicon for electric vehicles could significantly enhance its position in the EV supply chain, potentially leading to increased demand for its products.
The partnership with Coreshell positions Ferroglobe PLC (GSM) advantageously within the rapidly growing electric vehicle market. By focusing on the production of battery-grade metallurgical silicon, GSM is tapping into a critical component of EV batteries, which could lead to increased demand for its products. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term uptick in GSM's stock price.
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