Areva May Sell Stake in Eramet
Reuters reported that Areva (EPA:AREVA) is negotiating the sale of its stake in Eramet (EPA:ERA).
Reuters reported that Areva (EPA:AREVA) is negotiating the sale of its stake in Eramet (EPA:ERA).
Reuters reported that lower manganese and nickel prices led Eramet (EPA:ERA) to drop its full-year profit forecast.
Reuters reported that Eramet (EPA:ERA) has not yet decided whether Areva's stake in the company will be reduced.
Bloomberg reported that Eramet (EPA:ERA) wants to increase revenues by a factor of two over the next nine years.
Mining giants BHP Billiton and Vale S.A. have increased their manganese production in light of rebounding steel demand from India and China. The long term outlook for manganese looks strong due to increased demand for the metal, as well as factors on the supply side that may drive up prices through 2011.
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