Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Elkem ASA ( (ELKEF) ) has shared an update.
Elkem ASA recently hosted Norway’s Minister of Trade and Industry, Cecilie Myrseth, at its Elkem Carbon Fiskaa facility to discuss the critical role of the process industry in supplying raw materials to strategic value chains in Norway and the EU. The visit aligns with Norway’s initiatives to enhance its position as a sustainable supplier of critical materials, supported by the New Minerals Act. Elkem, a key player in this sector, operates multiple production sites in Norway and Iceland, contributing significantly to the EU’s silicon and ferrosilicon imports. The company is also advancing green technology projects, such as carbon looping and recycling of slag and silicon materials, which have received financial backing from the EU and Norway. These initiatives are part of Elkem’s commitment to reducing carbon footprints and fostering public-private partnerships to drive clean technology growth.
The most recent analyst rating on (ELKEF) stock is a Hold with a NOK24.00 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 and renewable energy to support innovations in electric mobility, digital communications, health, personal care, and sustainable urban development. With a history dating back to 1904, Elkem employs over 7,200 people worldwide and is listed on the Oslo Stock Exchange.
Average Trading Volume: 1,202,994
Current Market Cap: NOK16.33B
Learn more about ELKEF stock on TipRanks’ Stock Analysis page.