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Elkem ASA ( (ELKEF) ) has shared an announcement.
Elkem ASA has received support from the Norwegian Ministry of Climate and Environment regarding the unequal treatment of Norwegian silicon, ferrosilicon, and manganese producers in the allocation of free emission allowances under the EU Emissions Trading System. This decision could result in Elkem receiving approximately 1.3 million additional free emission allowances for the period 2021-2025, potentially enhancing the competitiveness of Norwegian metal companies against their EU counterparts.
The most recent analyst rating on (ELKEF) stock is a Hold with a NOK21.00 price target. To see the full list of analyst forecasts on Elkem ASA stock, see the ELKEF Stock Forecast page.
More about Elkem ASA
Elkem is a leading global provider of advanced silicon-based materials, focusing on developing silicones, silicon products, and carbon solutions. The company leverages natural raw materials, renewable energy, and innovation to support sectors such as electric mobility, digital communications, health, and sustainable urban development. Elkem, with over 7,200 employees, reported an operating income of NOK 33 billion in 2024 and is listed on the Oslo Stock Exchange.
Average Trading Volume: 1,023,171
Current Market Cap: NOK15.27B
Find detailed analytics on ELKEF stock on TipRanks’ Stock Analysis page.