Eramet Shares Drop as Gabon Aims to End Manganese Ore Exports
Eramet SA shares fell as much as 5.7% after Gabon decided to ban the export of manganese ore from 2029, jeopardizing the French miner's biggest source of profit.
Friday's announcement, which threatens to upend the supply chain of a metal that's used to harden steel products chiefly used in construction, is part of the African nation's aim to boost jobs and add more value domestically to the country's oil, timber and manganese resources.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
20 minutes ago
- Bloomberg
Carney Holds Back on Tariff Retaliation, Says US-Canada Talks Are Progressing
Prime Minister Mark Carney said Canada won't respond immediately to the Trump administration's doubling of steel and aluminum tariffs, and indicated that officials are in 'intensive discussions' about the trade relationship between the countries. 'Those discussions are progressing,' the Canadian leader told reporters Wednesday morning in Ottawa. The government will 'take some time' to consider its reaction to the US's latest move to hike tariffs on the foreign-produced metals to 50%, he said.
Washington Post
27 minutes ago
- Washington Post
Sudan's former prime minister Hamdok says recent military gains won't end the war
MARRAKECH, Morocco — Sudan's former prime minister on Wednesday dismissed the military's moves to form a new government as 'fake,' saying its recent victories in recapturing the capital Khartoum and other territory will not end the country's two-year civil war. In a rare interview with The Associated Press, Abdalla Hamdok said no military victory, in Khartoum or elsewhere, could end the war that has killed tens of thousands and driven millions from their homes.
Associated Press
an hour ago
- Associated Press
Sudan's former prime minister Hamdok says recent military gains won't end the war
MARRAKECH, Morocco (AP) — Sudan's former prime minister on Wednesday dismissed the military's moves to form a new government as 'fake,' saying its recent victories in recapturing the capital Khartoum and other territory will not end the country's two-year civil war. In a rare interview with The Associated Press, Abdalla Hamdok said no military victory, in Khartoum or elsewhere, could end the war that has killed tens of thousands and driven millions from their homes. 'Whether Khartoum is captured or not captured, it's irrelevant,' Hamdok said on the sidelines of the Mo Ibrahim Foundation's governance conference in Morocco. 'There is no military solution to this. No side will be able to have outright victory.' Hamdok became Sudan's first civilian prime minister after decades of military rule in 2019, trying to lead a democratic transition. He resigned in January 2022 after a turbulent stretch in which he was ousted in a coup and briefly reinstated amid international pressure. The following year, warring generals plunged the country into civil war. Sudan today bears the grim distinction of being home to some of the world's worst humanitarian crises. Fighting between the army and the paramilitary Rapid Support Forces has left at least 24,000 dead, though many believe the true toll is far worse. Both sides stand accused of war crimes. The RSF, with roots in Darfur's notorious Janjaweed militia, has been accused of carrying out genocide. The army is accused of unleashing chemical weapons and targeting civilians where they live. The war has driven about 13 million people from their homes, including 4 million who have crossed into neighboring countries. Famine is setting in and cholera is sweeping through. The military recaptured the Khartoum area from the RSF in March, as well as some surrounding territory. Army chief Gen. Abdel-Fattah Burhan has framed the advances as a major turning point in the conflict. Last month, he appointed a new prime minister, Kamil al-Taib Idris, for the first time since the war began, tasked with forming a new government. But the fighting has continued. The RSF has regrouped in its stronghold in Darfur and made advances elsewhere, including in Kordofan. Hamdok, a 69-year-old former economist who now leads a civilian coalition from exile, called the idea that the conflict was drawing down 'total nonsense.' The idea that reconstruction can begin in Khartoum while fighting rages elsewhere is 'absolutely ridiculous,' he said. 'Any attempt at creating a government in Sudan today is fake. It is irrelevant,' he said, arguing that lasting peace can't be secured without addressing the root causes of the war. Hamdok said a ceasefire and a credible process to restore democratic, civilian rule would need to confront Sudan's deep inequalities, including uneven development, issues among different identity groups and questions about the role of religion in government. 'Trusting the soldiers to bring democracy is a false pretense,' he added. Though rooted in longstanding divisions, the war has been supercharged by foreign powers accused of arming both sides. Pro-democracy groups, including Hamdok's Somoud coalition, have condemned atrocities committed by both the army and the RSF. Hamdok, however, has avoided accusing the United Arab Emirates of supplying weapons to the RSF, even amid international scrutiny and an investigation from a U.N. panel of experts. On Wednesday, he rebuffed AP questions about weapons coming from the UAE. He said those who singled out the Gulf state while ignoring others accused of backing the army, including Iran, were 'pushing a narrative.' 'What we would like to see is anybody who is supplying arms to any side to stop,' he said.
