REC Silicon and Ferroglobe announced a Memorandum of Understanding committing the companies to negotiate a raw material supply agreement and establish a low-carbon and fully traceable U.S. based solar supply chain. Ferroglobe will be a critical partner in ensuring steady supply of fully traceable metallurgical grade silicon metal produced in the U.S. from locally sourced raw materials and utilizing its highly skilled domestic workforce. The MOU commits the companies to work together to increase production and employment at each of the companies' facilities.