Ferroglobe PLC

While the majority of the low-cost stocks on this list are in fairly straightforward industries, GSM is an intriguing player in a niche market. It manufactures silicon and manganese metals and alloys for use in a variety of applications ranging from solar panels to stainless steel.

It is fairly vertically integrated, with mines in Spain, South Africa, and the United States, as well as factories that refine the mined materials for its customers.

GSM was formed in 2015 by the merger of a Spanish and an American company. It is currently registered in the United Kingdom.

As the global economy has slowed due to the pandemic, its business lines have suffered. However, a weaker dollar means lower production costs, and institutional investors' growing interest in ESG (environmental, social, and governance) investing will help.

It has a market capitalization of $106 million, and the stock is down 33% year to date.

Website: www.ferroglobe.com

Market Cap: 1.508B