Eramet Surges 7.74% at Opening, Driven by Lithium Price Spike
Eramet's stock rose by 7.74% at the opening on Monday, January 26, 2026, breaking through its resistance threshold at 87 euros, amid a continuous surge in lithium prices which reached 181,500 CNY per ton on January 26, supported by strong Chinese demand and supply constraints.
Significant Opening Rise
At the opening on Monday, January 26, 2026, Eramet's stock registered a significant increase of 7.74%, reaching 87 euros, up from 80.75 euros at last Friday's close. The stock thus crossed its major resistance level, precisely identified at 87 euros. This increase extends an impressive rally: over seven days, the gain reached 2.11%, over three months 47.08%, and over one year 53.17%. Since mid-December, the upward movement has hardly paused, confirming a major trend reversal for the mining group. Technically, however, the situation becomes tricky. The RSI peaks at 77, indicating an advanced overbought zone that suggests a possible short-term consolidation. The price is now significantly above its 50-day moving average at 59.78 euros, confirming the strength of the medium-term bullish trend. The MACD indicator also remains in a positive configuration, with a MACD line at 7.57 above the signal line at 6.83, validating the buying momentum. However, the MACD histogram at 0.75 shows a slight easing of momentum, consistent with the overbought level indicated by the RSI.
Spectacular Rebound Amid Lithium Price Surge
Eramet's spectacular rebound occurs in a context of a continuous significant rise in lithium prices. The metal reached 181,500 CNY per ton on January 26, 2026, up more than 53% over a month and 133% over a year. This surge in lithium prices, a strategic raw material for electric vehicle batteries and energy storage, directly benefits the group, which continues to ramp up its Centenario lithium carbonate plant in Argentina. The production reached 2,080 tonnes in the third quarter of 2025, with a target of 4 to 7 kt-LCE for the year. China plans to double the charging capacity of electric vehicles to 180 gigawatts by 2027, while 27 mining permits have been canceled in the lithium hub of Jiangxi, creating a favorable environment with robust demand and limited supply. However, the group remains faced with structural difficulties in its manganese and nickel activities. Analysts remain cautious, with a consensus displaying an average recommendation of 'accumulate' and an average price target of 59.90 euros, representing a potential downside of 25.82% from the current price, reflecting questions about the sustainability of this rapid rise.
