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Zacks Investment Research <\/p>\nArcelorMittal S.A.\u00a0MT and EDF have signed a Nuclear Power Production Allocation Contract (\u201cCAPN\u201d) to secure a long-term supply of low-carbon electricity. This marks a major step in ArcelorMittal\u2019s 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\u2019s sites in France.<\/p>\n
Deliveries under the agreement began on Jan. 1, 2026. It includes an allocation of a share of EDF\u2019s capacity of its operating nuclear fleet to MT for a period of 18 years. The contract is a key component of ArcelorMittal\u2019s efforts to strengthen its steel production in France while advancing its decarbonization objectives.<\/p>\n
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\u2019s energy sovereignty. The collaboration supports regional growth and sustainability goals.<\/p>\n
MT\u2019s shares have gained 116.8% over the past year compared with the industry\u2019s 49.7% growth.<\/p>\n
Zacks Investment Research <\/p>\n
Image Source: Zacks Investment Research<\/p>\n
MT\u2019s Zacks Rank & Key Picks <\/p>\n
MT currently carries a Zacks Rank #3 (Hold).<\/p>\n
Some better-ranked stocks in the Basic Materials space are\u00a0Agnico Eagle Mines AEM, Kinross Gold Corporation KGC and Harmony Gold Mining Company Limited HMY.<\/p>\n
At present, AEM and KGC sport a Zacks Rank #1 (Strong Buy) each, while HMY carries a Zacks Rank #2 (Buy). You can see\u00a0the complete list of today\u2019s Zacks #1 Rank stocks here.<\/p>\n
The Zacks Consensus Estimate for AEM\u2019s 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\u2019s shares have gained 116.7% over the past year.<\/p>\n
The Zacks Consensus Estimate for KGC\u2019s 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.<\/p>\n
The Zacks Consensus Estimate for HMY\u2019s current fiscal-year earnings is pinned at $2.68 per share, indicating a 111.02% year-over-year increase. HMY\u2019s shares have gained 136.3% over the past year.<\/p>\n
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<\/a><\/p>\n ArcelorMittal (MT) : Free Stock Analysis Report<\/a><\/p>\n Kinross Gold Corporation (KGC) : Free Stock Analysis Report<\/a><\/p>\n