Eramet SA
EPA:ERA ISIN:FR0000131757
Eramet SA is a France-based integrated mining and metallurgical company. The Company produces non-ferrous metals and their chemical derivatives, high-performance special steels, nickel alloys and super alloys, and high-performance parts for industry. Its products include high-purity metals, ferroalloys, forged parts and chemical derivatives. These are used in the aerospace, iron and steel, power generation, tooling, chemical, transport and medical sectors. Eramet SA's activities are spread across three business divisions: Nickel, which specializes in nickel production and the manufacture of cobalt and tungsten powders; Manganese, which is engaged in the production of manganese alloys for steel manufacturing, and Alloys, which specializes in the production of closed-die forged parts in titanium, aluminum and steels, among others. The Company operates several subsidiaries, including Le Nickel-SLN, Comilog SA and Aubert & Duval.
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Asian Activities Report for June 20, 2011 includes: Hastings Rare Metals Limited (ASX:HAS) is to acquire a 60% interest in the Yangibana Rare Earth Project in Western Australia; IPGA Limited (ASX:IPP) is to raise A$8.9 million from SeLoger.com; Krucible Metals Limited (ASX:KRB) has received further encouraging results from the Garnet Prospect in Queensland; Mineral Deposits Limited (ASX:MDL) is to form a joint venture with Eramet (EPA:ERA).
Asian markets mostly ended higher Thursday. Japan's Nikkei 225 ended up 0.3%, as exporters cheered for a recent weakness in the yen. Shanghai Composite rose 0.8% and Hong Kong's Hang Seng Index was also slightly higher in a choppy trade session. But South Korea stocks ended down the fourth day this week. The sustainability of the rising streak could be a question amid the negative outlook in global markets. Today Seoul shares opened 3 per cent lower, dragged by the financial sector.
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