GSM’s stock price continues to slide

GSM/Ferroglobe continues to sink in the equity markets. The closing price today was $9.34 per share, nearing its 52-week low of $9.21 on May 19, 2017. Analysts now feel the GSM will have a to fight for market share when fourth-quarter 2018 and especially 2019 silicon metal contracts get negotiated. “There is still a lot of consumer negativity surrounding GSM’s attempt to use the trade laws to get a government sponsored monopoly,” one analyst said.

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