Eramet Q3 2024 adjusted turnover drops 17% to €809m due to weak demand in China and Indonesia restrictions.
Eramet reported a 17% drop in Q3 2024 adjusted turnover to €809 million, driven by a 43% decline in sales volume, mainly due to weak carbon steel demand in China and nickel ore sales restrictions in Indonesia. Despite these challenges, operational performance in Senegal improved. The company regained full ownership of its lithium asset, Centenario, and plans to cut capital expenditures. Market conditions are expected to remain challenging in Q4 2024.
October 24, 2024
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