Globe Newswire
Eramet: Q1 2021 turnover up 8%, driven by the strong growth of the Mining and Metals division
Paris, 26 April 2021, 7:30 a.m. PRESS RELEASE Eramet: Q1 2021 turnover up 8%, driven by the strong growth of the Mining and Metals division Consolidated turnover of €838m in Q1 2021, up 8% versus Q1 2020, driven by the strong growth in the Mining and Metals division (+18%) of which +9% in volume and +9% in price (in €)1, and despite a decline in sales for the High-Performance Alloys divisionVery good operating performance of historic mining activities, in a quarter with traditionally unfavourable seasonality: 1.5 Mt in manganese ore produced (+17% vs. Q1 2020) in Gabon1.1 Mwmt of ore produced in New Caledonia (+14%) and 433 kwmt in exports (+31%), despite societal and weather disruptions Exceptional progress in mining operations in Weda Bay in Indonesia with 3.0 Mwmt of nickel ore produced; strong cash contribution2 expected for the Group in 2021Strong increase in metal prices in euro1: manganese ore (+7%), ferronickel (+30%) Impact of the aerospace crisis on the…
