By Helena Smolak
Eramet is set to invest around 1.9 billion euros ($2.03 billion) from 2024 to 2026 to boost production, as it expects demand for metals such as nickel and lithium to grow in coming years.
The French mining company said Monday that demand for nickel is expected to rise 8% per year to 2026, thanks to growing consumption of stainless steel and from the strong demand growth for nickel in batteries. The lithium market is also expected to grow as car makers seek batteries to power electric vehicles.
The group’s adjusted earnings before interest, taxes, depreciation, and amortization this year are expected to come in at around EUR800 million, the company said.
Write to Helena Smolak at [email protected]
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