Eramet Shares Fall 7.5% by Midday
Eramet's stock shows a significant decline of 7.45% this Monday, February 2, 2026, mid-session, standing at 68.30 euros. This drop coincides with the pullback in lithium prices, which had reached a record high last week at 182,222 CNY.
Leadership Change at Eramet
The board of directors of Eramet has also terminated the tenure of Paulo Castellari as CEO on February 1st. Christel Bories, the group's chairwoman, is now acting as interim CEO. The reasons for this decision were not specified in the statement, coming at a pivotal time for the manganese, nickel, and strategic metals specialist. The departure of the executive could raise questions among investors about the group's future strategy.
Reserved Outlook from Analysts
Research offices maintain a cautious approach to the stock. Portzamparc recently revised its price target to 58 euros at the end of January, accompanied by a recommendation to lighten holdings. Oddo BHF is even more defensive, with an underperform rating and a target set at 47 euros last December. These forecasts, below the current price, indicate a potential downside of 15% and 31% respectively. From a technical standpoint, crossing the 50-day moving average (62.20 euros) indicates a positive medium-term momentum, reinforced by a position above the 200-day average (54.51 euros). The RSI indicator stands at 51, reflecting a neutral situation without any extreme buy or sell signals. Investors will closely monitor the support threshold at 49.46 euros, which is a key level in the event of a further correction.
