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Ferroglobe buys manganese alloy plants


Ferroglobe has purchased Glencore’s manganese alloy plants in France and Norway. London-headquartered Ferroglobe will more than double its manganese alloy production under the acquisition, which is expected to be complete by the first quarter of 2018.

“The acquisition of Glencore’s manganese-based alloys plants in Europe represents a first step in the execution of the strategy that we outlined at our Inaugural Investors Day. It delivers significant growth opportunities and strengthens Ferroglobe’s existing platforms,” Ferroglobe’s executive chairman Javier López Madrid said.

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