Ferroglobe (GSM) Moves 11.0% Higher: Will This Strength Last?

Core Insights - Ferroglobe (GSM) shares increased by 11% to close at $5.04, supported by high trading volume, and have gained 8.6% over the past four weeks [1][2] Group 1: Regulatory Developments - The U.S. Department of Commerce issued favorable preliminary rulings regarding unfairly priced and subsidized silicon metal imports from several countries, which is crucial for the domestic industry [2] - Preliminary countervailing duties were imposed on imports from Australia (41.31%), Laos (240%), Norway (16.87%), and Thailand (31.27%), effective September 26, 2025, along with antidumping duties on imports from Angola (68.45%) and Laos (94.44%), effective September 30 [3] - Further rulings are anticipated, with preliminary antidumping decisions for Australia and Norway due on November 21, and final determinations for Angola, Laos, and Thailand on December 11, marking significant progress for the U.S. silicon metal market [4] Group 2: Financial Performance Expectations - Ferroglobe is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of 54.6%, with revenues projected at $393.75 million, down 9.2% from the previous year [5] - The consensus EPS estimate for Ferroglobe has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [6] Group 3: Industry Context - Ferroglobe is categorized under the Zacks Mining - Miscellaneous industry, which includes other companies like Alpha Metallurgical (AMR), that saw a 1.1% increase in its stock price, closing at $169.6, with a 23.5% return over the past month [7]