Eramet Shares Surge Nearly 7% Mid-Session, Boosted by Middle East Ceasefire
On Wednesday morning, shares of the mining and metallurgical group rose by 6.87% to 53.65 euros in a sharply rising Paris market. This increase comes as the CAC 40 index is up by 4.28% during the session and the entire commodities sector shows a significant rebound.
Ceasefire Announcement Sparks Market Relief
The announcement on Wednesday, April 8, of a ceasefire between Washington and Tehran after more than five weeks of strikes on Iranian territory has triggered a strong relief movement in the markets. The prospect of reopening the Strait of Hormuz, through which nearly a fifth of the world's oil passes, contributes to easing tensions on supply chains and energy costs. For a company like Eramet, a major consumer of energy in its nickel and manganese processing activities, the easing of crude prices — with Brent dropping 15% to fall below $100 — is a favorable signal for operational costs. The rebound benefits the entire sector: during the session, Aperam is up 10.40% while Imerys has advanced by 7.46%. The SBF 120 index is up by 4.20%. However, this recovery comes after a difficult quarter for Eramet, with its share price having fallen by 22.42% over three months, reflecting disruptions related to the conflict and a deterioration in nickel prices observed in the first quarter.
Despite Today's Surge, Eramet's Technical Setup Remains Under Pressure
Despite the day's rebound, Eramet's technical configuration remains under pressure. The share price, at 53.65 euros, is significantly below its 50-day moving average (58.52 euros) and also remains below its 200-day moving average (55.90 euros), indicating an ongoing downward trend. The RSI, at 41, is in a low neutral zone, confirming that no sustainable bullish reversal signal has yet been validated by momentum indicators. On the calendar, the next key event to watch is the publication of the first quarter 2026 revenue, scheduled for April 23. This milestone will be crucial to assess the real impact of the Middle East conflict on the group's operational activity, particularly its operations in New Caledonia and Gabon. The nearest resistance threshold is at 63.15 euros, while the identified support level is at 47.18 euros, a level tested during the recent market low.
