While remaining 'neutral' on Eramet, Oddo BHF raises its price target from 87 to 91 euros, taking into account the impact on its valuation corresponding to the creation of value on ETI, following its 'prompt and financially very attractive' disposal.

'While iron ore and coal prices are currently benefiting from positive signals from China, manganese remains depressed due in particular to abundant supply', notes the analyst.

Nickel prices are also mixed, with a strong rebound in Chinese ore and ferronickel prices in SLN's favor on the one hand, and a decline in LME nickel prices unfavorable to Weda Bay on the other.

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