Eramet : Group’s mining divisions weathering the pandemic well
>Limited impact from pandemic on group’s production to date - The Q1 2020 sales (€ 774m i.e. -14% l-f-l) show that Eramet has held up fairly well during the first wave of the COVID-19 pandemic. Manganese ore production at Comilog (Gabon) has risen by 28% to 1.3Mt while produced nickel is up 5% and exported nickel is up 41%. Finally, in Senegal, the production of mineral sands is up 10% to 188kt. The group indicated that its entire output was sold, which is a sign of t...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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