ArcelorMittal Secures Long-Term Low-Carbon Power Supply From EDF
MT signs an 18-year nuclear power deal with EDF, locking in long-term low-carbon electricity for its sites in France starting Jan. 1, 2026.
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. Zacks Investment Research Image Source: Zacks Investment Research MT’s Zacks Rank & Key Picks MT currently carries a Zacks Rank #3 (Hold).
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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. 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 Story Continues Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).
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