Ferroglobe PLC (NasdaqCM:GSM) acquired Quartz Mine in South Carolina, U.S. for approximately $11 million on October 30, 2023. The South Carolina mine has the capacity to produce more than 300kt of high-purity quartz per year, with more than ten years of reserve life. It is located near a rail line with a lower cost of production than Ferroglobe?s existing quartz operations in Alabama. $4 million expected in capital expenditures to build out the infrastructure, including rail access, loadout, and a processing facility. Production is expected to begin in the second half of 2024.

Ferroglobe PLC (NasdaqCM:GSM) completed the acquisition of Quartz Mine in South Carolina, U.S. on October 30, 2023.