Headline earnings fell 42% in the miner’s half year to end-June, though it notes that this reflects more normalised levels of sales
Precious metals group Anglo American Platinum says headline profit almost halved in its half year to end-June, hit by lower sales and falling prices, though the latter were still at their second-highest on record.
The miner remained upbeat about the outlook for platinum, expecting the surplus for both it and rhodium to move gradually towards a deficit in 2024 and 2025 as automotive demand accelerates...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.