The invention discloses a novel ferroalloy continuous casting machine, and is applied to the field of ferroalloy production facilities. The novel ferroalloy continuous casting machine includes a rack,a head star wheel, a heat bent rail, an upper rail, a tail rail, a tail star wheel and a lower guide rail, wherein the head star wheel, the heat bent rail, the upper rail, the tail rail, the tail star wheel and the lower guide rail are sequentially arranged on the rack in a circular sealing mode; a plurality of freestanding trolley bodies are arranged on the guide rail; each trolley body includesa panel ingot mould, a transition part, a shaft sleeve and wheels, wherein the upper and lower faces of the panel ingot mould are symmetrically sunken inwards. The invention aims at eliminating the disadvantages of traditional shaping modes of pit casting, cast iron ingot mould casting and plate-chain pig machines and having the advantages of the better technical scheme. Particularly, compared with the traditional modes, the casting performance of the novel ferroalloy continuous casting machine is improved at all aspects; the novel ferroalloy continuous casting machine has the significant advantages that the yield and the quality are high, the labor strength is low, multispecies casting is achieved, centralized treatment is conveniently conducted on fume and gas, the occupied area is small, maintenance is convenient, the mould-iron ratio is large, and the ingot mould is not easily damaged by fire.