Elkem received NOK 87 million from Enova to scale up industrial biocarbon in silicon production, potentially cutting CO₂ emissions by up to 0.5 million tonnes per year and strengthening its sustainability credentials (Reuters via MarketScreener)
Scope Ratings affirmed Elkem’s issuer rating at BBB- with a Negative Outlook, underpinned by an unchanged financial risk profile and its commitment to an investment grade status (MarketScreener)
Elkem raised NOK 1.5 billion via a private placement at NOK 27 per share, strengthening its equity base to reduce leverage after the Silicones divestment and ensuring liquidity for general corporate purposes (Reuters via Sahm Capital)
Norway’s Elkem Q1 EBITDA plunged 65% year-over-year to NOK 249 million, missing analyst estimates amid weak demand and low sales (Reuters via TradingView)