Ferroglobe and LONGi Announce Long-term Silicon Supply Agreement
LONDON, February 20, 2024 (GLOBE NEWSWIRE) – Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company,” or the “Parent”), a leading global producer of silicon metal, silicon-based and manganese-based ferroalloys, and LONGi, the world’s leading solar technology company, are pleased to announce that they have entered into a long-term supply agreement effective January 1, 2024.
This agreement reinforces the partnership between the two companies and paves the way for even closer collaboration in the future. Under the terms of the three-year agreement, Ferroglobe will supply high-quality quartz and silicon to LONGi to support its strategy to increase purchases from the leading Western suppliers of silicon materials.
This strategic partnership reflects the two companies' shared commitment in their respective fields to operational excellence and traceability ranging from quartz to solar panels.
LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation and under its mission of 'making the best of solar energy to build a green world'. www.longi.com
About Ferroglobe
Ferroglobe is a leading global producer of silicon metal, silicon-based and manganese-based ferroalloys serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, automotive, consumer products, construction and energy. The Company is based in London. For more information, visit https://investor.ferroglobe.com.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of U.S. securities laws. Forward-looking statements are not historical facts but are based on certain assumptions of management and describe the Company’s future plans, strategies and expectations. Forward-looking statements often use forward-looking terminology, including words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “forecast”, “guidance”, “intends”, “likely”, “may”, “plan”, “potential”, “predicts”, “seek”, “target”, “will” and words of similar meaning or the negative thereof.
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