Eramet : Guidance in line with the fall in nickel and manganese prices
>The fall in manganese prices below the marginal cost is not sustainable - Manganese ore prices have fallen by nearly 50% to $Â 3.7 /dmtu since the start of the year (vs $Â 7.1 /dmtu in Q4 2018 and $Â 5.7 /dmtu in Q3 2019). This decrease is the result of: 1/ the slowdown in global steel production (-2.8% in October 2019, i.e. +3.2% in the first 10 months vs +4.9% in the first 6 months); 2/ the still high level of low grade ore exports (28%-32%) from South Africa; and 3/ ...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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