GSM - Ferroglobe: Capital Raise And Regulatory Hurdles Surmounted. Stock Should Keep Shining
- Company completed $40mm equity capital raise on June 18th instead of planned rights offering.
- Financing allows them to fund restructuring.
- Global silicon prices now firmly above $1.50 and manganese prices steadily firming.
- The US Department of Commerce imposed a 12.27% import duty on silicon metal from Malaysia, completing the antidumping investigation against that country, Bosnia, Iceland and Kazakhstan which had duties imposed on them in April.
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Ferroglobe: Capital Raise And Regulatory Hurdles Surmounted. Stock Should Keep Shining