Eramet up on rising lithium prices

Eramet

29/12/2025 12:31

** Shares in French mining group Eramet ERMT.PA are up around 5%, with ODDO BHF analyst Maxime Kogge pointing to continued rise of lithium prices

** The price of lithium carbonate has been rising since August after suspension of the Jianxiawo mine in China and booming demand from the energy storage sector yielding additional support

** Every $1,000 increase in lithium prices yields about $24 million of additional profit for Eramet, says the analyst

** "Since the increase has been nearly $5,000 in the last month, the positive impact is in theory over $100 million, though slightly less since the group's site hasn't yet reached its full ramp-up," Kogge says

** Kogge also notes that news of China lowering import duties for recycled black powder for lithium-ion batteries could be supporting the share price rise

** If gains hold, Eramet shares will see their best day since October

(Reporting by Dimitri Rhodes in Gdansk)

((dimitri.rhodes@thomsonreuters.com))