Eramet : Fresh setback with the reduction in the two main production targets
>Fall in manganese production in the face of a deteriorated market context - Ahead of the Q3 sales release on 24 October, Eramet announced yesterday evening a significant reduction in its production targets in its two main activities, manganese ore in Gabon and nickel ore in Weda Bay. The cuts are not linked to production issues but to a deteriorated market backdrop in manganese and the lack of permits in nickel. In the first activity, Eramet decided to suspend produc...Eramet is a mining and metallurgical group, which specializes in the extraction, production and marketing of non-ferrous metals, their chemical derivatives, alloys and superalloys, and parts. Co.'s operations are divided into three divisions: Nickel division which focuses on nickel and its derivative applications; Manganese division which focuses on manganese alloys, manganese chemical derivatives and provides recovery and recycling services of metals contained in oil-industry catalysts, electric batteries and acid solutions; and Alloys division which produces and sells special high-performance steels, superalloys and pre-machined parts based on these materials or aluminium and titanium.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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