Latest news with #Bories
Reuters
20-02-2025
- Business
- Reuters
China lithium tech export curbs may benefit Eramet, CEO says
PARIS, Feb 20 (Reuters) - Potential Chinese export restrictions on lithium extraction technology could create new opportunities for Eramet following its launch of lithium production in Argentina, the head of the French mining group said on Thursday. China has proposed restricting the export of technology to process lithium, widely used in batteries, in response to U.S. tariffs, and Reuters reported this week that one Chinese company has stopped exporting sorbents, a piece of equipment used in lithium processing. "So it will open potentially opportunities for Eramet," Chair and CEO Christel Bories said of Chinese export curbs during a presentation of Eramet's annual results. "We are considering potentially using our technologies and our patents on the sorbents to enter into new projects, providing the technology but also participating in equity." Eramet's Centenario project in Argentina started production in December and the group aims to reach a nominal annual capacity rate of 24,000 metric tons of lithium carbonate equivalent at the end of this year. Eramet is studying an expansion of the project but does not expect to commit further investments before next year, Bories added. Eramet is also in discussions in Chile to develop lithium deposits after securing a concession. The group remains upbeat on longer-term demand for lithium despite a drop in prices and expects the market to rebalance from next year following a period of oversupply, Bories said. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
Reuters
13-02-2025
- Business
- Reuters
French mining group Eramet names Paulo Castellari as next CEO
PARIS, Feb 13 (Reuters) - French mining group Eramet ( opens new tab on Thursday said it had nominated Paulo Castellari to be its next chief executive following Christel Bories' decision to step down. Eramet said that Castellari will assume the CEO position on May 27, following a vote at the group's annual shareholder meeting. Bories will remain chairwoman of the Group. Castellari - born in 1970 and a dual Brazilian and Italian citizen - has over 30 years' experience in mining and metals as well as in the fertilizers and energy industries in South and North America, Europe and Africa, Eramet said in a statement. From 2003 to 2015 he worked at Anglo American (AAL.L), opens new tab, and in 2016, he was appointed Deputy CEO and CFO of CEMIG, a Brazilian electrical power company, before joining aluminum producer EGA as CEO of Guinea Alumina Corporation. Since 2019, Paulo Castellari has been CEO of the Brazilian branch of Appian Capital Advisory, a mining-focused private-equity group. Eramet said last month that Bories would give up the chief executive role in May while remaining chairwoman. Bories, CEO since 2017, has overseen a shift in Eramet's strategy towards minerals used for electric vehicle batteries, notably by developing a lithium mine in Argentina that began production at the end of last year.
