Eramet's stock ended the session on Monday, December 29, 2025, at 54.30 euros, marking a 1.59% increase from the previous day's closing price of 53.45 euros. The traded share capital remained modest at 0.24%, reflecting subdued activity at the year's end. Over seven days, the stock has shown a positive performance of 7.16%, indicating a renewed interest from investors after a period of high volatility. The price is now approaching the resistance threshold of 54.95 euros, a key level tested multiple times in recent weeks. The RSI stands at 59, in the neutral zone, suggesting that the stock still has room before reaching an overbought situation. The 50-day moving average of 54.15 euros has just been crossed upwards, supporting this technical recovery movement. However, over three months, the stock has recorded a slight decline of 1%, demonstrating the market's ongoing caution amid the sector's difficulties.
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The context remains challenging for the mining sector, with significant decreases in the prices of Eramet's raw materials since January 2023: a 6% decrease for manganese ore, 48% for nickel, 83% for lithium carbonate, 21% for ilmenite, and 25% for zircon. This structural degradation directly impacts the group's valuation, despite efforts for recovery. In early December, Eramet introduced its operational improvement program named 'ReSolution', aiming to enhance Ebitda by 130 to 170 million euros within two years. However, on December 9, Oddo BHF raised its price target to 47 euros while maintaining an 'underperform' recommendation, reflecting analysts' skepticism. The positive MACD histogram at 0.39, however, suggests potential for continued upward movement in the short term if the stock can sustainably break through the 55 euros resistance.
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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