Ferroglobe PLC
GSM
Materials
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Ferroglobe PLC is a producer of metallurgical products whose business model begins with the extraction of non-fuel minerals. The company operates Ferroglobe USA Mining, LLC, a mining subsidiary based in Kentucky, and its Spanish metals business ranges from "the extraction and supply of quartz mineral" to downstream production. Its core activities include the production of silicon metal and silicon-based alloys, which are critical inputs for industrial applications. These operations classify the company within the extractive industries sector, as its primary economic activity involves mining and processing mineral resources.
The available evidence confirms Ferroglobe's role as a mineral extractor but lacks specific details on the scale of its mining operations, such as production volumes, revenue percentages from extraction, or the environmental and social footprint of its mining activities. Further research is needed to quantify the materiality of its extractive operations and to assess any associated conduct that might fall under other exclusion categories, such as environmental damage or community harm.
Ferroglobe PLC, a producer of silicon metal and ferroalloys, operates industrial facilities with documented histories of severe environmental incidents. In 2022, a fatal explosion occurred at one of its U.S. plants when water contacted molten material, an incident investigated by federal workplace safety authorities. The company's operations involve handling hazardous substances, with its own regulatory filings acknowledging material risks of environmental damage relating to its current and former properties. While the company reports capital expenditures aimed at minimizing environmental impact, its core metallurgical processes carry inherent risks of toxic contamination and ecological harm from industrial accidents.
Research Sources
3 organizations
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