Solvay's Stock Nears +4% Boost Due to a Strategic Rare Earth Agreement
This Monday noon, the Belgian chemist stands out on the Parisian market as one of the strongest risers in the SBF 120, regaining momentum after a tentative three-month trajectory following the announcement of a strategic partnership on rare earths.
A Memorandum of Understanding with Viridis to Secure Rare Earths from 2028
Solvay's stock is up 3.71% at €26.84 during the session, among the strongest rises in the SBF 120, while the broader index edges up by 0.10%. The group announced this Monday the signing of a memorandum of understanding with Viridis Mining and Minerals aimed at securing a strategic supply of rare earth raw materials starting from 2028. The two companies will now work towards finalizing a firm supply agreement. The industrial stakes are high: securing rare earth supplies remains a strategic challenge for European chemists, with several transformation stages predominantly concentrated outside of Asia. The session allows the stock to rise above its MM50 (€26.75), technically touching base, after having tested it several times in recent weeks.
The Stock Moves Above Its MM20 but Remains Below Its Long-Term Average at €27.03
Today's rebound allows Solvay to move above its MM20 (€26.52), with a gap of 1.21%, while the MM200 at €27.03 remains slightly above the current price (gap of 0.70%). This long-term average has acted as a technical ceiling since the post-results downturn on May 7th, during which the stock lost 6.38% following the quarterly publication. Since then, the trajectory has remained tentative, with a decline of 3.18% over three months and 7% over a year. The RSI at 43 remains in a neutral zone, without excess, leaving room before testing the resistance identified at €28.86. The support at €25.30 was tested mid-May during the decline to €25.40. The next key event identified: the publication of the second-quarter results, expected this summer.
