Eramet Shares Drop Nearly 4%, Brent Crude Weighs Down Miners
The mining and metallurgical group's stock falls sharply in mid-morning trading, in an otherwise well-oriented Paris market. The decline occurs on the same day as the annual general meeting and after the announcement of the partial resumption of operations in Senegal. Eramet is among the biggest losers in the SBF 120.
Eramet Restarts 30% of Its Capacity in Senegal After February Fire
Eramet announced this morning the partial resumption of mineralized sand production at its Grande Côte site in Senegal, at about 30% of nominal capacity. The wet concentration plant (WCP) had been affected by the fire on February 22, 2026, and full capacity is not expected before the first quarter of 2027. The schedule for ramping up, spread over nearly a year, seems to weigh on the stock despite the confirmation of the restart. Additionally, last night the group announced the appointment of Simon Henochsberg as Chief Financial Officer, effective May 26, 2026, replacing Abel Martins Alexandre. The annual general meeting is being held today.
Stock Falls Below Its Moving Averages, Approaching Support at €52
At €53.40, the stock loses 3.52% while the SBF 120 gains 0.47% and the CAC 40 0.45%. The stock is now touching its MM50 (€53.65) and has fallen below its MM200 at €56.80, a gap of nearly 6%. The €52 support level is nearing, after a three-month decline of 11.52% that has erased part of the spring rebound. The RSI at 49 remains neutral and does not yet indicate seller exhaustion. The decline in Brent, which loses more than 5% in the session to $94.52, weighs on the commodities sector, where Eramet finds itself in the lower part of the SBF 120 ranking.
