1Yr·

Does anyone know why Elkem ASA
$ELK (-5.13%) is doing so well? Unfortunately, I can't find any news that would explain such a performance.

3 Comments

Fabzy ✨@Fabzy

1Yr

Auf boersennews.de gefunden. Ein User postet am 14.12:
Elkem has reached an agreement with reindeer grazing district 7 (Rákkonjárga) which enables the expansion of Elkem’s mining operations in Tana, Norway, one of the world’s largest quartzite mines and a key source of raw materials for the green transition. The expansion of this mine enables a future increase of reserves for Elkem of approximately 15 years. The two parties have reached an agreement after demanding negotiations. Elkem can now begin to expand its operational area. The parties have also agreed on mitigating measures to ensure coexistence and a sustainable future development of both parties’ activities. “We are pleased to have reached an agreement with Rákkonjárga. Through this agreement, we demonstrate that it is possible to further develop the sustainable production of advanced materials for the green transition, through agreements with other stakeholders. This agreement has been achieved through a close and thorough dialogue, which we will also maintain going forward,” says Elkem’s CEO, Helge Aasen. “We have experienced the negotiations as very demanding. We are giving away parts of our area which we would prefer to keep. This agreement shows that we are willing to make compromises when we can, but that this is always demanding. There will also be cases where we cannot accept an agreement in order to protect our reindeer herding activities for the future,” says the head of Rákkonjárga, Magne Andersen. Elkem has been operating the Tana mine since 1983. It currently provides around 50 local jobs, enabling an annual production capacity of approximately 1 million tonnes (mt) of quartzite per year. Elkem’s mining operations in Tana supply quartzite to Elkem and other industrial users for the production of silicon-, aluminum- and ferrosilicon alloys. These are critical raw materials to manufacture a wide range of products which are necessary for the digital and green transitions, such as cell phones and electric vehicles.

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Ayecaramba@Ayecaramba256

1Yr

"Going off"...look at the year

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N@Khlmysee

1Yr

@Ayecaramba256 well, the turn is already steep. 🥴

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