Derichebourg: favorable timing

Cocktail. The Derichebourg title has lost a quarter of its value since mid-January. Several issues are currently undermining operators’ morale with rising inflation, rising interest rates and the Ukraine-Russia war. This cocktail could potentially lead to a decline in economic activity and consequently a decline in metal prices… For the time being, we see nothing coming from this side with demand still well oriented and prices which remain at high levels… The recent acquisition of Ecore further strengthens Derichebourg’s leading position. The firm acquired is one of the heavyweights in the recycling of steel, non-ferrous metals, lead batteries, paper-cardboard and plastics.