Share buyback programs are generally viewed positively by the market as they can increase earnings per share (EPS) and are often interpreted as a sign that the company's management believes the shares are undervalued. This announcement from Ferroglobe could lead to a short-term positive impact on GSM's stock price, as it reflects confidence in the company's financial stability and growth prospects. The high relevance score is due to the direct mention of the company and the significant financial commitment involved.