Eramet: Adjusted turnover of €809m in Q3 2024 [Yahoo! Finance]
ERAMET SA UNSP/ADR (ERMAY)
NASDAQ:AMEX Investor Relations:
eramet.com/en/investors
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Source: Yahoo! Finance
Adjusted turnover of €809m, down 17% versus Q3 2023, reflecting a negative volume effect (-43%), partly offset by a positive price effect (+26%) Decrease in volumes sold for the Group's main mining activities, except mineral sands: Depressed market conditions for carbon steel in China in Q3, leading to a decline in sales of manganese ore (-37% vs. Q3 2023) Timing of issuance by the Indonesian Authorities of the nickel ore sales permit for 2024, which significantly restricted nickel ore volumes sold in Q3 (-83%) Good operational performance in Senegal, with an increase in zircon and ilmenite volumes sold (+88% and +34%, respectively) Significant volatility in selling prices over the quarter: Strong decline in manganese ore prices to around $4.0/dmtu currently (-56% vs. end-July), with an average quarterly index remaining above Q3 2023 Stability in prices for nickel ore sold in Indonesia, the decline of the LME being offset by a high level of local premiums, resulting fro
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