Overall impact
D (22)

Commentary

Ferroglobe is a below-average overall performer. With a 'D' rating of 21.7 for overall impact (bottom 10% of all companies), Ferroglobe ranks 166th out of 173 industry peers, behind Hudbay Minerals, Lundin Mining, Teck Resources and 162 others, and ahead of Ramaco Resources, Ur-Energy, US Silica and 4 others. On top material causes for Ferroglobe's industry (Metals & Mining), Ferroglobe performs poorly in Safety From Violent Conflict (30.6 score), Accountable Institutions (32.2), Accountable Institutions (24.8) and 13 other causes where it received a 'D' or 'F' score. Ferroglobe did not receive an 'A' rating on any cause.
Impact
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Company
Founded
2015
Employees
2,920
Sector
Materials
Industry
Metals & Mining
Sub-industry
Precious Metals & Minerals
SASB industry
Metals & Mining
Headquarters
Florida, United Kingdom
Share classes
GSM
Description
Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based ferroalloys in the United States, Europe, and internationally. It provides silicone chemicals that are used in a range of applications, including personal care items, construction-related products, health care products, and electronics; and silicon metal for primary and secondary aluminum producers. The company also offers silicomanganese, which is used as a deoxidizing agent in the steel manufacturing process, and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. In addition, it offers ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum. Calcium silicon is provided for deoxidation and desulfurization of liquid steel, and cast iron pipes coating production, as well as in the welding process of powder metal and in pyrotechnics. The company also supplies foundry products, such as nodularizers and inoculants for the production of iron. Furthermore, it provides silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. Additionally, Ferroglobe PLC operates quartz mines in South Africa, Spain, the United States, and Canada; low-ash metallurgical coal mines in the United States; a charcoal production facility in South Africa; and a hydroelectric power plant in France. The company serves silicone chemical producers; aluminum and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. Ferroglobe PLC was formerly known as VeloNewco Limited and changed its name to Ferroglobe PLC in December 2015. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.
Material causes
Ethos considers the following causes material for Ferroglobe, based on its industry sub-industry Precious Metals & Minerals. Learn more about material causes in our methodology overview.

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