Elkem ASA

Elkem ASA is a global provider of advanced silicon-based materials, headquartered in Oslo, Norway. Established in 1904, the company's core mission is to shape a more sustainable future by developing silicones, silicon products, and carbon solutions through the combination of natural raw materials, renewable energy, and advanced process technology.

Elkem's product portfolio includes silicon, ferrosilicon, foundry alloys, carbon solutions (such as electrode paste and specialty products), and microsilica. These materials are crucial for various market segments, including critical infrastructure, manufacturing, digitalization, mobility, energy solutions, solar, automotive, chemical, and construction industries. Notably, Elkem completed the sale of the majority of its Silicones division in April 2026, a strategic move that will result in its former largest shareholder, China National Bluestar, no longer holding shares in the company.

In recent leadership changes, Dag Teigland has been appointed Chief Executive Officer, effective August 3, 2026, with current CEO Helge Aasen transitioning to Chairman of the Board. The company reported lower revenue and operating profit in Q2 2026, but is actively engaged in restructuring efforts, including a rights issue and refinancing to strengthen its balance sheet. Elkem maintains a strong focus on sustainability, evidenced by its 2026 EcoVadis Gold rating and the launch of low-carbon materials like FeSi Leap, aimed at reducing Scope 3 emissions for its customers.