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The latest announcement is out from Elkem ASA ( (ELKEF) ).
The European Union has introduced safeguard measures on imports of certain ferroalloys, impacting Elkem ASA, which exports a significant portion of its ferrosilicon production to the EU. While these measures may reduce Elkem’s sales volumes to the EU, the company expects to offset this by increasing sales to other regions and benefiting from potential price increases in the EU market. The decision not to exempt Norway and Iceland from these measures is regretted by Elkem, as it affects their established value chains and investments in the ferroalloy sector.
The most recent analyst rating on (ELKEF) stock is a Hold with a NOK25.60 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, and sustainable urban development. Elkem, with a history dating back to 1904, operates with a global workforce of over 7,200 and is listed on the Oslo Stock Exchange.
Average Trading Volume: 1,212,375
Current Market Cap: NOK16.71B
Find detailed analytics on ELKEF stock on TipRanks’ Stock Analysis page.