4 days ago
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.
