Elkem Company Overview and Financials
Backdrop: Supportive fundamentals as the world needs
-
more silicones – Elkem is preparing for profitable growth
Supply demand balance to remain balanced
Estimated '000 tonnes of silox equivalent¹
Expansion improving over-the-cycle margins
DMC Index in China ('000 RMB / mt)2 | Annual average
Supply China
Supply Row
Supply gap
Total demand
~3,900
800
~3,100
Supply gap to
balance
~2,600
1,200
1,200
1,200
1,900
1,900
1,400
2020
2024
2030
Cash cost for Elkem post expansion
well below all DMC prices since 2012
(annual averages)
13.3
12.5
12.1
12.1
11.6
19.4
24.4
18.6
16.0
16.0
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Continuing to expand in an attractive industry in need for more silicones capacity, with expansion ensuring improved profitability
in core intermediaries over-the-cycle and securing growth in higher value downstream silicones
Elkem
Source: Freedonia; SAGSI; SCI; Company estimates
1)
Supply in 2020 and 2024 is based on internal intelligence and estimates, demand in 2020 and 2024 is based on market reports from Freedonia
2)
DMC price index from SAGSI from 2012 to 2013, SCI from 2014 onwards - all prices excl. VAT
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