The global mining and metals market will continue to grow in 2022 after a positive first quarter, says French miner Eramet in its 2021 integrated report monitored by Kallanish. The company’s facilities however may be impacted by surging global metallurgical coke prices caused by persistent tight supply.
Stainless and carbon steelmaking raw materials prices, such as for nickel and manganese, should also remain at high levels together with freight costs, with logistics delays and disruptions also continuing. “Developments in energy costs, in particular those of gas and electricity, remain uncertain for 2022. Continued price increases could have an impact on the Group’s profits,” the report states. It adds that this outlook does not consider the potential consequences of the war in Ukraine.
In 2022 Eramet aims for record production of 7.5 million tonnes of manganese ore, over 4m wet metric tonnes (wmt) of nickel ore exported and approximately 15m wmt of nickel ore produced at Weda Bay, Indonesia.
Eramet’s 2021 turnover stood at €3,668 million ($3,990m), a 31% increase versus 2020. The company achieved a €1,051m Ebitda, which represents as much as a 101% hike compared to the previous year (see Kallanish passim).
Natalia Capra France
