Trafigura-Backed Nickel Mine Seeks New Partner to Secure Bailout [Financial Post (Toronto, Ontario, Canada)]
ERAMET SA UNSP/ADR (ERMAY)
NASDAQ:AMEX Investor Relations:
eramet.com/en/investors
Company Research
Source: Financial Post
as part of a French government rescue package for the struggling New Caledonian mining industry. Author of the article: (Bloomberg) — A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry. The French territory, a remote archipelago in the South Pacific, was once seen as the future of nickel production and attracted billions of dollars of investment. But instead it became a byword for the sector's exuberance, with projects beset by technical mishaps and high costs. Pressure on the local industry has rapidly increased over the past year as nickel prices plunged more than 40%. Article content Article content The French government has been meeting with the key shareholders of three processing plants this month — Trafigura, rival miner and trader Glencore Plc, and France's Eramet SA — seeking
Show less
Read more
Impact Snapshot
Event Time:
ERMAY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ERMAY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ERMAY alerts
High impacting ERAMET SA UNSP/ADR news events
Weekly update
A roundup of the hottest topics
ERMAY
News
- Mining stoppage adds to Eramet's New Caledonia woes [Yahoo! Finance]Yahoo! Finance
- Eramet: Adjusted turnover of €761m in Q1 2024 [Yahoo! Finance]Yahoo! Finance
- UPDATE 1-Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile [Yahoo! Finance]Yahoo! Finance
- Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile [Reuters]Reuters
- Eramet reaches agreement to continue SLN's New Caledonia operations [Reuters]Reuters