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Ferroglobe Enters Supply Agreement With LONGi; MP Materials and Cleveland-Cliffs Announce Offerings And More: Monday's Top Mining Stories

Benzinga ·  Mar 5 06:53

Top Stories for Mar. 4, 2024:

1. The silicon metal and ferro alloys producerFerroglobe PLC(NASDAQ:GSM) and the solar technology companyLONGiannounced a long-term silicon supply agreement which took effect on Jan. 1, 2024.

Under the three-year agreement, Ferroglobe will provide LONGi with high-quality quartzite and metallurgical grade silicon to support LONGi's strategy of increasing purchases from top Western silicon suppliers.

2.MP Materials Corp.(NYSE:MP) plans to offer $500 million in Convertible Senior Notes due in 2030 to qualified institutional buyers, with an option to purchase up to an additional $75 million in notes.

The notes are senior unsecured obligations...

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