Eramet's stock shows a significant decline of 7.45% this Monday, February 2, 2026, mid-session, standing at 68.30 euros. This drop coincides with the pullback in lithium prices, which had reached a record high last week at 182,222 CNY.
The board of directors of Eramet has also terminated the tenure of Paulo Castellari as CEO on February 1st. Christel Bories, the group's chairwoman, is now acting as interim CEO. The reasons for this decision were not specified in the statement, coming at a pivotal time for the manganese, nickel, and strategic metals specialist. The departure of the executive could raise questions among investors about the group's future strategy.
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Research offices maintain a cautious approach to the stock. Portzamparc recently revised its price target to 58 euros at the end of January, accompanied by a recommendation to lighten holdings. Oddo BHF is even more defensive, with an underperform rating and a target set at 47 euros last December. These forecasts, below the current price, indicate a potential downside of 15% and 31% respectively. From a technical standpoint, crossing the 50-day moving average (62.20 euros) indicates a positive medium-term momentum, reinforced by a position above the 200-day average (54.51 euros). The RSI indicator stands at 51, reflecting a neutral situation without any extreme buy or sell signals. Investors will closely monitor the support threshold at 49.46 euros, which is a key level in the event of a further correction.
SectorMétaux et matières premières›Métaux non ferreux
Context
Period
Period: 3T 2025
Guidance from the release
Malgré un contexte de marché difficile, Eramet a maintenu un niveau d’activité solide, grâce à l’engagement et à l’agilité de ses équipes.
Conjoncture macroéconomique incertaine pesant sur la demande et les prix; marchés du manganèse, nickel et lithium globalement en excédent au T3 2025 avec pression sur les prix; perturbations logistiques au Gabon et incertitudes réglementaires en Indonésie.
Risks mentioned
Difficultés logistiques sur le réseau ferroviaire gabonais (Transgabonais) affectant le transport du minerai
Pression des prix et faible demande macroéconomique
Risque de non-respect du covenant de gearing au 31/12/2025 (waiver demandé)
Enquête des autorités indonésiennes sur une partie de la concession PT WBN
Opportunities identified
Montée en cadence robuste de la production de carbonate de lithium (usine Centenario) — volumes 2 080 t-LCE au T3 2025, objectif 4 - 7 kt-LCE en 2025
Rebond des volumes et chiffre d’affaires de PT WBN (forte progression des ventes externes de minerai de nickel)
Programme d’amélioration de la performance opérationnelle et financière (cash boost, optimisation capex, réduction coûts)
Ajustement du plan de capex pour préserver trésorerie (capex 2025 entre 400 M€ et 425 M€)
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
