Eramet share rebounds by 3% following resumption of its nickel mine
The mining group's stock advanced significantly on Thursday, driven by a major operational update in Indonesia. The resumption of a strategic nickel mine restores visibility on an operation that had been halted for several months, against a backdrop of globally stable market conditions.
Weda Bay mine back in operation after four months of shutdown
This is the announcement setting the tone for the session: the resumption of operations at Weda Bay, the Indonesian subsidiary of PT Weda Bay Nickel, following four months in Care & Maintenance mode. The restart is gradual and follows authorization granted by Indonesian authorities. This nickel mine represents a central asset for Eramet, whose 2025 annual results (published on February 18, 2026) had already identified falling Chinese demand and rising raw material costs among the main risks facing the group.
The resumption of Weda Bay therefore directly supports the group's ability to maintain its nickel production volumes, a metal whose prices remain tied to Asian industrial cycles. The market welcomes this return to operations, which removes operational uncertainty that had weighed on the file since spring.
A technical rebound that places the share above its two first moving averages
The session gain of 3.09% pushes the share to €46.76, above its MA20 at €45.77 (spread of +2.16%) and its MA50 at €44.92 (spread of +4.10%), two thresholds that need consolidation to validate a short-term trend reversal. The MA200, at €54.11, remains meanwhile well above the current price, at approximately 13.6% spread: the underlying trend over one year remains downward, as confirmed by the annual performance of -2.58%. The RSI at 49 reflects a neutral configuration, with no overbought signal.
Over the week, the share posts +4.19%, reflecting a short-term momentum recovery. The resistance at €48.26 constitutes the next threshold to monitor in the continuation of this movement.
