Streetbeat News

ERMAF

Eramet

https://www.eramet.com/

CEO

Christel Bories

Industry

All Other Metal Ore Mining

Open

57.30

Mkt cap

1.5B

Volume

1.7K

High

57.30

P/E Ratio

-61.61

52-wk high

118.78

Low

53.60

Div yield

0.03

52-wk low

53.09

Nickel prices have surged above $20,000 per ton due to supply concerns from New Caledonia and sanctions on Russian metal. New Caledonia, holding 20-30% of the world's nickel reserves, faces economic challenges as prices fell 45% in 2023. Glencore and Eramet have reduced operations, impacting local communities.

Portfolio Pulse from Stjepan Kalinic

May 21, 2024 | 1:53 pm

Argentina's lithium reserves are attracting significant foreign investment, seen as a key to economic recovery. Eramet's subsidiary Eramine announced an $800 million investment in Salta for lithium production, expected to export 4,000 tons in 2024, scaling to 24,000 tons annually. Additionally, United Mining Projects Corporation's subsidiary Marhen Lithium plans a $550 million investment in Catamarca, estimated to create 900 jobs and contribute $168 million locally. These projects come as Argentina faces economic challenges, with the IMF forecasting a 2.8% GDP contraction in 2024 but a potential turnaround with reduced inflation by 2025.

Portfolio Pulse from Stjepan Kalinic

April 22, 2024 | 1:56 pm

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