Eramet : Manganese prices up, SLN under pressure: TP revised to € 109 vs € 94
>Manganese prices have at last reacted to the production stoppage at GEMCO - Manganese prices have at last reacted to the production stoppage at GEMCO with the high-grade ore index yesterday surging 12% to $ 4.8/dmtu as per the weekly FastMarkets report. To recap, Australia’a GEMCO was hit by a cyclone on 17 March which substantially damaged the mine and port terminal. It had to shut down operations and shelved its 2023-24 production guidance (year to end-June). It is...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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