Eramet Sees Full-Year Profit Dip on Lower Prices

Reuters reported Eramet (EPA:ERA) forecast a lower current operating profit this year due to falling nickel and manganese prices.

As quoted in the market news,

Lower prices coupled with exchange rate effects led to a 3.3 percent fall in the third-quarter sales to 792 million euros.

But Eramet raised production of nickel and manganese in the third quarter versus the same period last year, as global steel demand continued to rise, with the company seeing record quarterly output in manganese.

Click here to read the full Reuters report.