----

----

| (Mark One) |   |                                                                                                                                                     |
|------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| þ     |   | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                                |
|       |   |  For the fiscal year ended June 30, 2011                                                                                                       |
| OR         |
| o          |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                                                            |
|       |   | For the transition period from          to           |

| Delaware                                                      | 20-2055624                          |
|---------------------------------------------------------------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification No.) |

|   |                                       |   |                                      |   |
|--------|--------------------------------------------|--------|-------------------------------------------|--------|
|   | Title of Each Class                        |   | Name of Each Exchange on Which Registered |   |
|   |  Common stock, $0.0001 par value |   | The NASDAQ Global Select Market           |   |

| Large accelerated filer  þ |   |      Accelerated filer  o |   | Non-accelerated filer  o |   | Smaller reporting company  o |
|--------------------------------------|--------|---------------------------------------------------------|--------|-------------------------------|--------|---------------------------------------------|

----

----

----

----

| Item 15.    | Exhibits and Financial Statement Schedules |
|----------------------------|--------------------------------------------|

| (1)   | Financial Statements |
|-----------------|----------------------|

| Reports of Independent Registered Public Accounting Firm                                                                |   |   | 38 |   |
|-------------------------------------------------------------------------------------------------------------------------|--------|--------|----|--------|
| Consolidated Balance Sheets at June 30, 2011 and 2010                                                              |   |   | 40 |   |
| Consolidated Statements of Operations for the years ended June 30, 2011, 2010, and 2009                            |   |   | 41 |   |
| Consolidated Statements of Changes in Stockholders’ Equity for the years ended June 30, 2011, 2010, and 2009 |   |   | 42 |   |
| Consolidated Statements of Cash Flows for the years ended June 30, 2011, 2010, and 2009                            |   |   | 43 |   |
| Notes to Consolidated Financial Statements                                                                              |   |   | 44 |   |

| (2)   | Financial Statement Schedules |
|-----------------|-------------------------------|

| (3)   | Exhibits |
|-----------------|----------|

| Exhibit                                                                                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                           |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Number                                                                                                                                                                                                                                                                                                                                      | Description of Document                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                        | 2.1                                                                                                                                                                                                                                                                            |   | Purchase Agreement, dated as of November 5, 2009, by and between Dow Corning Corporation and GSM (5)  |
|                                                                                                                                                                                                                                                                                                                                        | 2.2                                                                                                                                                                                                                                                                            |   | Purchase and Sale Agreement dated as of March 26, 2010, by and among Globe Metals Enterprises, Inc., Core Metals Group Holdings LLC and each of the Sellers named therein (6)  |
|                                                                                                                                                                                                                                                                                                                                        | 2.3                                                                                                                                                                                                                                                                            |   | Membership Interest Purchase Agreement dated May 27, 2011 by and among NGPC Asset Holdings II, LP,NGP Capital Resources Company and Globe BG, LLC relating to Alden Resources Inc. (7)   |
|                                                                                                                                                                                                                                                                                                                                        | 2.4                                                                                                                                                                                                                                                                            |   | Membership Interest Purchase Agreement dated May 27, 2011 by and among NGPC Asset Holdings II, LP,NGP Capital Resources Company and Globe BG, LLC relating to Gatliff Services, Inc. (7)   |
| 2.5                                                                                                                                                                                                                                                                                                                                         | Purchase Agreement dated May 27, 2011 by and among NGP Capital Resources Company, Globe BG, LLC and Globe Specialty Metals, Inc. regarding The Overriding Royalty Interests (7)                                                                                      |
| Articles of Incorporation and Bylaws                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                        | 3.1                                                                                                                                                                                                                                                                            |   | Amended and Restated Certificate of Incorporation (1)  |
|                                                                                                                                                                                                                                                                                                                                        | 3.2                                                                                                                                                                                                                                                                            |   | Certificate of Amendment to the Amended and Restated Certificate of Incorporation (2)  |
|                                                                                                                                                                                                                                                                                                                                        | 3.3                                                                                                                                                                                                                                                                            |   | Amended and Restated Bylaws (2)  |
| Instruments Defining the Rights of Security Holders, Including Indentures                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                        | 4.1                                                                                                                                                                                                                                                                            |   | Third Amended and Restated Credit Agreement dated as of March 30, 2011, by and among GMI, Tennessee Alloys Company LLC, and GSM Sales, Inc., as borrowers, Alabama Sand and Gravel, Inc. and Laurel Ford Resources, Inc., as subsidiary guarantors, GSM, as Parent, the lender parties thereto, and Societe Generale, as Administrative Agent, Issuing Bank, Swingline Lender and Collateral Agent and SG Americas Securities LLC, as Sole Arranger (3)  |
| We are a party to other instruments defining the rights of holders of long-term debt. No such instrument authorizes an amount of securities in excess of 10 percent of the total assets of the company and its subsidiaries on a consolidated basis. We agree to furnish a copy of each such instrument to the Commission on request.  |
|                                                                                                                                                                                                                                                                                                                                        | Material Contracts                                                                                                                                                                                                                                                             |
| 10.1                                                                                                                                                                                                                                                                                                                                        | Amended and Restated Limited Liability Company Agreement of WVA Manufacturing, LLC, dated as of November 5, 2009, by and among WVA Manufacturing, LLC, GSM, GSM Alloys I, Inc., GSM Alloys II, Inc., Dow Corning Enterprises, Inc. and Dow Corning Corporation. (5)  |
| 10.2                                                                                                                                                                                                                                                                                                                                        | Output and Supply Agreement, dated as of November 5, 2009, by and among WVA Manufacturing, LLC, Dow Corning Corporation, Globe Metallurgical Inc., and GSM. (5)                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                        | Management Contracts and Compensatory Plans                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                        | 10.3                                                                                                                                                                                                                                                                           |   | 2006 Employee, Director and Consultant Stock Option Plan (1)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.4                                                                                                                                                                                                                                                                           |   | Amendments to 2006 Employee, Director and Consultant Stock Option Plan (8)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.5                                                                                                                                                                                                                                                                           |   | 2010 Annual Executive Bonus Plan (9)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.6                                                                                                                                                                                                                                                                           |   | Chief Financial Officer and Chief Legal Officer Annual Bonus Plan (10)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.7                                                                                                                                                                                                                                                                           |   | Framework for the 2011 Annual Executive Long Term Incentive Plan (11)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.8                                                                                                                                                                                                                                                                           |   | Employment Agreement, dated January 27, 2011, between GSM and Alan Kestenbaum (11)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.9                                                                                                                                                                                                                                                                           |   | Employment Agreement, dated May 26, 2008, between GSM and Jeff Bradley (1)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.10                                                                                                                                                                                                                                                                          |   | Amendment to Employment Agreement, dated October 27, 2010, between GSM and Jeff Bradley (8)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.11                                                                                                                                                                                                                                                                          |   | Employment Agreement, dated July 5, 2011, between GSM and Jeff Bradley †  |
|                                                                                                                                                                                                                                                                                                                                        | 10.12                                                                                                                                                                                                                                                                          |   | Employment Agreement, dated September 21, 2008, between GSM and Malcolm Appelbaum (4)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.13                                                                                                                                                                                                                                                                          |   | Employment Agreement, dated June 20, 2008, between GSM and Stephen Lebowitz (1)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.14                                                                                                                                                                                                                                                                          |   | Amendment to Employment Agreement, dated October 27, 2010, between GSM and Stephen Lebowitz (8)  |
|                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                           |     |   |
|                                                                                                                                                                                                                                                                                                                                        | 21.1                                                                                                                                                                                                                                                                           |   | Subsidiaries (9)  |
| 23.1                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                           | Consent of KPMG LLP (filed with this Amendment No. 1)  |
|                                                                                                                                                                                                                                                                                                                                        | 31.1                                                                                                                                                                                                                                                                           |   | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed with this Amendment No. 1)  |
|                                                                                                                                                                                                                                                                                                                                        | 31.2                                                                                                                                                                                                                                                                           |   | Certification of the Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed with this Amendment No. 1)  |
|                                                                                                                                                                                                                                                                                                                                        | 32.1                                                                                                                                                                                                                                                                           |   | Certification of the Principal Executive Officers and Principal Financial Officer Pursuant to 18 U.S.C. 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed with this Amendment No. 1) |

| † | Filed with Annual Report on Form 10-K filed August 26, 2011.                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1       | Incorporated by reference to the exhibit with the same designation filed with the Company’s registration statement on Form S-1 (Registration No. 333-152513) filed on July 25, 2008.                                 |
| 2       | Incorporated by reference to the exhibit with the same designation filed with Amendment No. 1 to the Company’s registration statement on Form S-1 (Registration No. 333-152513) filed on November 4, 2008.      |
| 3       | Incorporated by reference to exhibit 10.1 filed with the Company’s Form 8-K filed on April 5, 2011.                                                                                                                                 |
| 4       | Incorporated by reference to the exhibit with the same designation filed with Amendment No. 3 to the Company’s registration statement Form S-1 (Registration Statement No. 333-152513) filed on July 16, 2009.  |
| 5       | Incorporated by reference to the exhibit with the same designation filed with the Company’s Form 8-K filed on November 12, 2009.                                                                                               |
| 6       | Incorporated by reference to the exhibit with the same designation filed with the Company’s Form 8-K filed on April 1, 2010.                                                                                                   |
| 7       | Incorporated by reference to exhibits to the Company’s Form 8-K filed on June 3, 2011.                                                                                                                                         |
| 8       | Incorporated by reference to exhibits to the Company’s Form 10-Q filed on February 11, 2011.                                                                                                                                   |
| 9       | Incorporated by reference to exhibit to the Company’s Form 10-K filed on September 28, 2010.                                                                                                                              |
| 10      | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on November 12, 2010.                                                                                                                                    |
| 11      | Incorporated by reference to exhibits to the Company’s Form 10-Q filed on May 12, 2011.                                                                                                                                             |

----

|   | Globe Specialty Metals, Inc. (Registrant) |                                     |
|--------|-------------------------------------------|------------------------------------------|
|   |                                      |                                     |   |
|   |                                      | By:                                      | /s/  Malcolm Appelbaum |   |
|   |                                      | Malcolm AppelbaumChief Financial Officer |   |

----

| Exhibit                                                                                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                           |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Number                                                                                                                                                                                                                                                                                                                                      | Description of Document                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                        | 2.1                                                                                                                                                                                                                                                                            |   | Purchase Agreement, dated as of November 5, 2009, by and between Dow Corning Corporation and GSM (5)  |
|                                                                                                                                                                                                                                                                                                                                        | 2.2                                                                                                                                                                                                                                                                            |   | Purchase and Sale Agreement dated as of March 26, 2010, by and among Globe Metals Enterprises, Inc., Core Metals Group Holdings LLC and each of the Sellers named therein (6)  |
|                                                                                                                                                                                                                                                                                                                                        | 2.3                                                                                                                                                                                                                                                                            |   | Membership Interest Purchase Agreement dated May 27, 2011 by and among NGPC Asset Holdings II, LP,NGP Capital Resources Company and Globe BG, LLC relating to Alden Resources Inc. (7)   |
|                                                                                                                                                                                                                                                                                                                                        | 2.4                                                                                                                                                                                                                                                                            |   | Membership Interest Purchase Agreement dated May 27, 2011 by and among NGPC Asset Holdings II, LP,NGP Capital Resources Company and Globe BG, LLC relating to Gatliff Services, Inc. (7)   |
| 2.5                                                                                                                                                                                                                                                                                                                                         | Purchase Agreement dated May 27, 2011 by and among NGP Capital Resources Company, Globe BG, LLC and Globe Specialty Metals, Inc. regarding The Overriding Royalty Interests (7)                                                                                      |
| Articles of Incorporation and Bylaws                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                        | 3.1                                                                                                                                                                                                                                                                            |   | Amended and Restated Certificate of Incorporation (1)  |
|                                                                                                                                                                                                                                                                                                                                        | 3.2                                                                                                                                                                                                                                                                            |   | Certificate of Amendment to the Amended and Restated Certificate of Incorporation (2)  |
|                                                                                                                                                                                                                                                                                                                                        | 3.3                                                                                                                                                                                                                                                                            |   | Amended and Restated Bylaws (2)  |
| Instruments Defining the Rights of Security Holders, Including Indentures                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                        | 4.1                                                                                                                                                                                                                                                                            |   | Third Amended and Restated Credit Agreement dated as of March 30, 2011, by and among GMI, Tennessee Alloys Company LLC, and GSM Sales, Inc., as borrowers, Alabama Sand and Gravel, Inc. and Laurel Ford Resources, Inc., as subsidiary guarantors, GSM, as Parent, the lender parties thereto, and Societe Generale, as Administrative Agent, Issuing Bank, Swingline Lender and Collateral Agent and SG Americas Securities LLC, as Sole Arranger (3)  |
| We are a party to other instruments defining the rights of holders of long-term debt. No such instrument authorizes an amount of securities in excess of 10 percent of the total assets of the company and its subsidiaries on a consolidated basis. We agree to furnish a copy of each such instrument to the Commission on request.  |
|                                                                                                                                                                                                                                                                                                                                        | Material Contracts                                                                                                                                                                                                                                                             |
| 10.1                                                                                                                                                                                                                                                                                                                                        | Amended and Restated Limited Liability Company Agreement of WVA Manufacturing, LLC, dated as of November 5, 2009, by and among WVA Manufacturing, LLC, GSM, GSM Alloys I, Inc., GSM Alloys II, Inc., Dow Corning Enterprises, Inc. and Dow Corning Corporation. (5)  |
| 10.2                                                                                                                                                                                                                                                                                                                                        | Output and Supply Agreement, dated as of November 5, 2009, by and among WVA Manufacturing, LLC, Dow Corning Corporation, Globe Metallurgical Inc., and GSM. (5)                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                        | Management Contracts and Compensatory Plans                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                        | 10.3                                                                                                                                                                                                                                                                           |   | 2006 Employee, Director and Consultant Stock Option Plan (1)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.4                                                                                                                                                                                                                                                                           |   | Amendments to 2006 Employee, Director and Consultant Stock Option Plan (8)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.5                                                                                                                                                                                                                                                                           |   | 2010 Annual Executive Bonus Plan (9)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.6                                                                                                                                                                                                                                                                           |   | Chief Financial Officer and Chief Legal Officer Annual Bonus Plan (10)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.7                                                                                                                                                                                                                                                                           |   | Framework for the 2011 Annual Executive Long Term Incentive Plan (11)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.8                                                                                                                                                                                                                                                                           |   | Employment Agreement, dated January 27, 2011, between GSM and Alan Kestenbaum (11)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.9                                                                                                                                                                                                                                                                           |   | Employment Agreement, dated May 26, 2008, between GSM and Jeff Bradley (1)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.10                                                                                                                                                                                                                                                                          |   | Amendment to Employment Agreement, dated October 27, 2010, between GSM and Jeff Bradley (8)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.11                                                                                                                                                                                                                                                                          |   | Employment Agreement, dated July 5, 2011, between GSM and Jeff Bradley †  |
|                                                                                                                                                                                                                                                                                                                                        | 10.12                                                                                                                                                                                                                                                                          |   | Employment Agreement, dated September 21, 2008, between GSM and Malcolm Appelbaum (4)  |
|                                                                                                                                                                                                                                                                                                                                        | 10.13                                                                                                                                                                                                                                                                          |   | Employment Agreement, dated June 20, 2008, between GSM and Stephen Lebowitz (1)   |
|                                                                                                                                                                                                                                                                                                                                        | 10.14                                                                                                                                                                                                                                                                          |   | Amendment to Employment Agreement, dated October 27, 2010, between GSM and Stephen Lebowitz (8)  |
|                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                           |     |   |
|                                                                                                                                                                                                                                                                                                                                        | 21.1                                                                                                                                                                                                                                                                           |   | Subsidiaries (9)  |
| 23.1                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                           | Consent of KPMG LLP (filed with this Amendment No. 1)  |
|                                                                                                                                                                                                                                                                                                                                        | 31.1                                                                                                                                                                                                                                                                           |   | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed with this Amendment No. 1)  |
|                                                                                                                                                                                                                                                                                                                                        | 31.2                                                                                                                                                                                                                                                                           |   | Certification of the Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed with this Amendment No. 1)  |
|                                                                                                                                                                                                                                                                                                                                        | 32.1                                                                                                                                                                                                                                                                           |   | Certification of the Principal Executive Officers and Principal Financial Officer Pursuant to 18 U.S.C. 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed with this Amendment No. 1) |

| † | Filed with Annual Report on Form 10-K filed August 26, 2011.                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1       | Incorporated by reference to the exhibit with the same designation filed with the Company’s registration statement on Form S-1 (Registration No. 333-152513) filed on July 25, 2008.                                 |
| 2       | Incorporated by reference to the exhibit with the same designation filed with Amendment No. 1 to the Company’s registration statement on Form S-1 (Registration No. 333-152513) filed on November 4, 2008.      |
| 3       | Incorporated by reference to exhibit 10.1 filed with the Company’s Form 8-K filed on April 5, 2011.                                                                                                                                 |
| 4       | Incorporated by reference to the exhibit with the same designation filed with Amendment No. 3 to the Company’s registration statement Form S-1 (Registration Statement No. 333-152513) filed on July 16, 2009.  |
| 5       | Incorporated by reference to the exhibit with the same designation filed with the Company’s Form 8-K filed on November 12, 2009.                                                                                               |
| 6       | Incorporated by reference to the exhibit with the same designation filed with the Company’s Form 8-K filed on April 1, 2010.                                                                                                   |
| 7       | Incorporated by reference to exhibits to the Company’s Form 8-K filed on June 3, 2011.                                                                                                                                         |
| 8       | Incorporated by reference to exhibits to the Company’s Form 10-Q filed on February 11, 2011.                                                                                                                                   |
| 9       | Incorporated by reference to exhibit to the Company’s Form 10-K filed on September 28, 2010.                                                                                                                              |
| 10      | Incorporated by reference to exhibit to the Company’s Form 10-Q filed on November 12, 2010.                                                                                                                                    |
| 11      | Incorporated by reference to exhibits to the Company’s Form 10-Q filed on May 12, 2011.                                                                                                                                             |

----