Eramet stock gained 1.68 percent as lithium plans expand on October 5, 2026

Published on 10/05/2026 at 22:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eramet stock gained 1.68 percent to EUR 44.90 on October 5 as the company advanced a USD 350 million lithium plan. Adjusted EBITDA rose 45 percent in H1 2026.

Eramet, FR0000131757, Illustration mit AI erstellt.

Eramet (ISIN FR0000131757) stock gained 1.68 percent to EUR 44.90 on Euronext Paris on October 5, 2026, with 22,500 shares changing hands. The company is considering a potential USD 350 million expansion of its Centenario-Ratones lithium project in Argentina, according to Buenos Aires Times on October 1, 2026. For investors, the proposal adds a measurable growth option while leaving the final investment decision ahead.

Lithium capacity could reach 35,000 tonnes

The brownfield project would add 11,000 tonnes per year of lithium carbonate equivalent to the existing 24,000-tonne annual capacity. That would lift the combined nominal capacity to 35,000 tonnes per year, subject to a final investment decision that could come by the end of 2027, Bourse Direct reported.

The existing facility reached 90 percent of nominal capacity in June 2026 and is planned to approach 100 percent by the end of 2026. The expansion therefore builds on an operating asset rather than a greenfield development, but its funding and construction timetable remain linked to the investment decision.

First half EBITDA rose 45 percent

Eramet reported adjusted EBITDA of EUR 276 million for the first half of 2026, compared with EUR 191 million in the first half of 2025, an increase of EUR 85 million or 45 percent. Adjusted free cash flow improved to EUR 7 million from negative EUR 266 million, while net income excluding SLN was negative EUR 146 million versus negative EUR 101 million, according to Eramet.

The combination is important for the stock because operating earnings improved while the group still reported a loss on the stated basis. Net debt stood at EUR 1.868 billion at the end of the first half of 2026, compared with EUR 1.935 billion a year earlier, according to the company.

Analyst target stays above the stock

A five-analyst consensus assigns Eramet a Hold rating and an average price target of EUR 51.00, according to MarketScreener. Against the EUR 44.90 price on October 5, the average target lies 13.6 percent above the stock price.

Separately, BofA Securities maintained its Buy rating and raised its target from EUR 54 to EUR 56, with the change reported on October 2 by Ideal Investor. The higher target contrasts with the consensus Hold label and places attention on execution, capital allocation and lithium ramp-up.

Eramet stock stays below its yearly high

Eramet stock was last at EUR 44.90 on Euronext Paris at 5:35 p.m. CEST on October 5, 2026. Its 52-week range was EUR 40.98 to EUR 88.20, while market capitalization was EUR 1.3 billion.