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Elkem Shuts Saint-Fons Operations After Fatal Explosion at Silicones Pilot Workshop

Story Highlights
  • Elkem reports a deadly explosion at its Saint-Fons silicones pilot workshop in France.
  • The company has halted local operations and launched internal and external investigations to improve safety.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Elkem Shuts Saint-Fons Operations After Fatal Explosion at Silicones Pilot Workshop

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Elkem ASA ( (ELKEF) ) has shared an update.

Elkem ASA has reported a fatal explosion at a pilot workshop at its Elkem Silicones site in Saint-Fons, near Lyon, France, on 22 December 2025, which resulted in the death of one employee and injuries to three others. The company has temporarily shut down operations at both the North and South Saint-Fons sites earlier than the planned year-end closure, is providing psychological support to affected staff, and is cooperating with French authorities in external investigations alongside its own internal probe to determine the cause and prevent future incidents, underlining that workplace and environmental safety remain a top priority for management.

The most recent analyst rating on (ELKEF) stock is a Buy with a NOK32.10 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 ASA is a global provider of advanced silicon-based materials, developing silicones, silicon products and carbon solutions for applications in electric mobility, digital communications, health and personal care, and sustainable urban development. Founded in 1904 and headquartered in Norway, the company employs more than 7,200 people worldwide, generated operating income of NOK 33 billion in 2024, and is listed on the Oslo Stock Exchange, where it is included in the ESG Index and holds strong CDP scores on forests, water security and climate-related performance.

Average Trading Volume: 1,052,340

Current Market Cap: NOK18.73B

For detailed information about ELKEF stock, go to TipRanks’ Stock Analysis page.

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