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STATEMENT: LONGi and Ferroglobe announce long-term agreement on silicon

(Information sent by the signatory company).

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STATEMENT: LONGi and Ferroglobe announce long-term agreement on silicon

(Information sent by the signatory company)

XI'AN, China, March 11, 2024 /PRNewswire/ -- LONGi, the world's leading solar technology company, and Ferroglobe PLC, a leading global producer of silicon metal and ferroalloys, are pleased to announce that they have signed a long-term supply agreement from January 1, 2024.

This agreement cements the partnership between the two companies and paves the way for even stronger collaboration in the future. Under the terms of the agreement, Ferroglobe will supply high-quality quartzite and metallurgical grade silicon (MGS) to LONGi to support its strategy of increasing purchases from major Western suppliers of silicon materials.

This strategic partnership reflects the two companies' shared commitment in their respective fields to operational excellence and traceability, from quartzite to solar panels.

LONGi has manufacturing facilities and sales offices in more than 150 countries and regions around the world. The company adheres to the concept of "Solar for Solar" and hopes to establish long-term cooperative relationships with more excellent foreign companies in the future.

"We are delighted to announce our long-term partnership with Ferroglobe," said Tian Ye, Vice President of LONGi. "LONGi is a global technology company and its supply chain is also developing towards globalization. This strategic move will enable us to supply our trusted customers and partners with LONGi's reliable, high-efficiency and environmentally friendly solar products around the world. ".

LONGi is committed to being the world's leading solar technology company, focusing on customer-driven value creation for full-scenario energy transformation and under its mission of "bringing out the best in solar energy to build a green world." ".

Ferroglobe PLC (NASDAQ: GSM) is a leading global producer of metallic silicon and manganese ferroalloys serving a worldwide customer base in dynamic and fast-growing end markets such as solar, automotive and power products. consumption, construction and energy.

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