Eramet : Headwinds (nickel and lithium down and the euro up) gathering pace, target price lowered to € 85
>Towards a decent end to 2023 thanks to an increase in production - The CMD on 13 November helped to improve investor perception and to position Eramet as a growth stock thanks to its projects in lithium and the significant expansion in manganese in Gabon and nickel in Indonesia. After the incidents met in H1 (issues on the rail line in Gabon, electricity at Weda Bay and equipment in Senegal), recent months have seen an improvement in execution with solid production a...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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