U.S. Trade Case Progress
The U.S. Department of Commerce issued preliminary countervailing duties against countries including Australia (41.3%), Laos (240%), Norway (16.9%), and Thailand (31.3%) for subsidizing silicon metal production. Preliminary antidumping duties were also issued against Angola and Laos at 68.5% and 94.4%, respectively.
Coreshell Partnership and Achievements
Coreshell began shipping commercial scale 60 ampere EV pilot batteries to leading automotive OEMs and expects commercial deployment of advanced battery systems in early 2026. Coreshell's technology removes reliance on graphite, supporting a domestic supply chain for EV batteries. Coreshell also won the start-up World Cup.
New Multiyear Energy Agreement in France
Ferroglobe signed a multiyear energy agreement in France effective January 1, 2026, providing competitive energy pricing and operational flexibility.
Adjusted EBITDA Performance
Despite a 19% revenue decline, Ferroglobe generated $80 million in adjusted EBITDA, slightly below the previous quarter.