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Marco Levi, Chief Executive Officer of GSM’s parent, Ferroglobe commented, “Certain foreign producers have been dumping unfairly traded goods, harming U.S. businesses and workers for far too long.” Marco Levi added, “We thank the ITC for its work on this case and its commitment to fair competition. Today’s decision will bring a much-needed and long-overdue level playing field to the silicon metal market at a critical time.”
On June 30, 2020, GSM and MS filed petitions to stop silicon metal producers in Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan from selling dumped and unfairly subsidized silicon metal imports into the United States, setting four cases in motion.
GSM +4.6% (has engaged with the European Works Council; GSM is seeking to reduce or cease production at some of its sites in Europe)GME +3.6% (appointed Elliott Wilke to the role of Chief Growth Officer – start date is April 5, 2021)
Note: $4/sh was $25. USA metals and other production coming back, too bad we all won’t be here to see it. A lot of these uptrends started up in Nov, so some people in gov’t, must have known early on.
GSM chart: https://schrts.co/khYhyuJw
GSM: https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=gsm&insttype=&freq=2&show=&time=20