ArcelorMittal Secures Long-Term Low-Carbon Power Supply From EDF
ArcelorMittal S.A. MT and EDF have signed a Nuclear Power Production Allocation Contract (“CAPN”) to secure a long-term supply of low-carbon electricity. This marks a major step in ArcelorMittal’s energy strategy in France. The agreement, which was finalized on Dec. 26, 2025, following a letter of intent signed in January 2024, will ensure supply to MT’s sites in France.Deliveries under the agreement began on Jan. 1, 2026. It includes an allocation of a share of EDF’s capacity of its operating nuclear fleet to MT for a period of 18 years. The contract is a key component of ArcelorMittal’s efforts to strengthen its steel production in France while advancing its decarbonization objectives.The agreement would provide long-term access to low-carbon electricity at a competitive price. It highlights the role of EDF in delivering industrial customers with low-carbon, competitive electricity available over the long term, contributing to both decarbonization of industry and to France’s energy sovereignty. The collaboration supports regional growth and sustainability goals.MT’s shares have gained 116.8% over the past year compared with the industry’s 49.7% growth.Image Source: Zacks Investment ResearchMT’s Zacks Rank & Key PicksMT currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Basic Materials space are Agnico Eagle Mines AEM, Kinross Gold Corporation KGC and Harmony Gold Mining Company Limited HMY.At present, AEM and KGC sport a Zacks Rank #1 (Strong Buy) each, while HMY carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for AEM’s 2025 earnings is pegged at $7.87 per share, indicating a rise of 86.05%. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 11.63%. AEM’s shares have gained 116.7% over the past year.The Zacks Consensus Estimate for KGC’s 2025 earnings is pinned at $1.68 per share, indicating a 147.06% year-over-year increase. Its shares have surged 192.9% over the past year.The Zacks Consensus Estimate for HMY’s current fiscal-year earnings is pinned at $2.68 per share, indicating a 111.02% year-over-year increase. HMY’s shares have gained 136.3% over the past year.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ArcelorMittal (MT): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Harmony Gold Mining Company Limited (HMY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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