Elkem

Regulatory Filings • Aug 19, 2025

Norwegian Minister of Trade and Industry visits Elkem Carbon Fiskaa plant to discuss supply of critical raw materials

Norwegian Minister of Trade and Industry visits Elkem Carbon Fiskaa plant to discuss supply of critical raw materials

Kristiansand, Norway - 19 August 2025 - Norway's Minister of Trade and Industry

Cecilie Myrseth today visited Elkem Carbon Fiskaa in Kristiansand for

discussions on the process industry's role in supplying critical raw materials

to strategic value chains in Norway and the European Union (EU).

The visit follows the Ministry's announcement that it is initiating a

comprehensive mapping of Norwegian industry's contribution to national and

allies' strategic and critical value chains. Earlier this year, the Norwegian

government issued a white paper outlining Norway's industrial policy priorities

and proposed a New Minerals Act that was approved by Parliament. The Act will

streamline and modernise the legal framework for mineral activities in Norway.

The two initiatives aim to strengthen Norway's role as a sustainable and

reliable long-term supplier of critical raw materials to European and allied

industries.

"Norwegian companies such as Elkem are major suppliers of critical raw materials

to Europe. In an era marked by escalating geopolitical tensions and

environmental and climate challenges, the imperative to fortify strategic value

chains has never been more critical to secure Europe's competitiveness. Norway

will be a strategic partner in this process," said Minister of Trade and

Industry Cecilie Myrseth.

"For over 120 years, Elkem has been a reliable supplier of metals and

metallurgical products, steadily building resilient supply chains throughout

Europe," said Elkem CEO Helge Aasen. "Significant investments have been made to

establish complete and efficient value chains within the ferroalloy and silicon

sector in the internal market across the EU, Norway and Iceland. At a time of

geopolitical turmoil and heightened security risks, it is important for European

countries to unite and leverage existing assets and cross-border infrastructure

to secure industrial autonomy."

Elkem runs two quartz mines and six silicon and ferroalloys production and

processing sites in Norway and Iceland, employing over 1 600 workers across both

countries. Elkem is also one of the EU's leading silicones producers, with

production sites in France, Italy and Spain, which are part of an optimised

value chain based on silicon supplies from Norway. Norway accounts for

approximately 40 percent of the EU's imports of silicon and 35 percent of the

EU's imports of ferrosilicon, both critical materials in European

infrastructure, energy and military value chains.

During her visit at Fiskaa, Myrseth was also presented some of the pioneering

green technology projects being tested at Elkem Technology R&D Center. This

included the Horizon Europe-funded project MECALO, which seeks to apply carbon

looping for general metal production, with demonstration of zero CO\2\ silicon

and manganese alloys. It also included a project on the development of green

products through the recycling of slag and silicon materials, which could be

used in the automotive and construction industry. This project was recently

awarded NOK 32.8 million in financial support from Innovation Norway.

"It is a source of pride at Elkem that our products have among the lowest carbon

footprint in the world. This requires significant investments into research and

innovation. We were therefore excited to present some of our green technology

projects that have received financial support from the EU and Norway. Such

public-private partnerships are essential in accelerating the transition to

clean technologies and turning decarbonisation into a driver of growth for

European industries," said Aasen.

For further information, please contact:

Marianne Stigset

VP Corporate Communications & Public Affairs

Tel: +47 411 88 482

Email: marianne.stigset@elkem.com

About Elkem

Elkem is one of the world's leading providers of advanced silicon

-based materials shaping a better and more sustainable future. The company

develops silicones, silicon products and carbon solutions by combining natural

raw materials, renewable energy and human ingenuity. Elkem helps its

customers create and improve essential innovations like electric mobility,

digital communications, health and personal care as well as smarter and more

sustainable cities. With a strong track record since 1904, its global team of

more than 7,200 people has a joint commitment to stakeholders: Delivering your

potential. In 2024, Elkem achieved an operating income of NOK 33 billion. Elkem

has been awarded top score of A on Forests and Water Security, and B on Climate

Change from CDP. Elkem is listed on the Oslo Stock Exchange (ticker: ELK), where

the company is also included in the ESG Index. www.elkem.com