Elkem curtails production in Norway due to high power prices
Elkem has decided to partially curtail its production in Norway by temporarily shutting down two furnaces – one at Thamshavn and one at Rana. This is due to high power prices.Elkem is well-positioned with long-term power contracts securing the company’s electricity consumption in Norway at competitive rates. However, in the current market, curtailing production enables the company to optimise value creation by selling its power at highly attractive rates in the Norwegian power market. The decision will have no impact on customers or employees. “In the short term, this is a win-win: By