The French mining group Eramet is going through a particularly challenging period marked by significant financial losses and internal governance tensions. This situation has raised concerns among investors and prompted questions about the company’s strategy amid a volatile global market for raw materials.
The year 2025 proved very difficult for the company, which specializes in extracting strategic metals such as nickel, manganese, and lithium. The group reported a net loss of approximately €477 million, after recording a profit the previous year. Meanwhile, revenue fell by around 7%, reaching roughly €3.15 billion. EBITDA also declined sharply, reflecting a substantial drop in overall profitability.
Several factors contributed to this deterioration. The mining sector faced a more challenging economic environment, marked by volatile metal prices and slower demand in certain industrial sectors. Operational difficulties at some mining sites and high production costs also weighed heavily on the company’s performance.
In response, management announced several measures to strengthen the company’s financial position. These include a planned capital increase in 2026 to improve cash flow and support future investments. The group also intends to sell certain assets to reduce debt and focus on its most strategic projects.
At the same time, Eramet has decided to suspend dividend payments for two years, a measure aimed at preserving the financial resources needed for business recovery.
In addition to financial difficulties, the company has faced an internal governance crisis. In early 2026, the Board of Directors dismissed the CEO just months after his appointment. This unexpected move heightened concerns about the stability of the company’s leadership and strategic management.
Other changes in the finance department have followed, fueling speculation about internal tensions and differing approaches to company management. These developments have further weakened market and investor confidence.
As a historic player in the mining industry, Eramet plays a significant role in the global supply of metals used across numerous industrial sectors, including technologies related to the energy transition. The company also benefits from the support of the French state, which holds a significant stake in its capital.
In this context, the coming months will be critical for the company. The success of recovery measures, stabilization of governance, and the evolution of metal markets will be key factors in determining whether Eramet can emerge from this turbulent period and return to a sustainable growth trajectory.
