Business & Finance
06 February 2024, 9:49 pm 1 minute
Reuters exclusively reported that Anglo American (AAL.L) may consider deeper cost-cutting measures unless market conditions improve after a fall in prices and a downturn in the platinum group metals (PGMs) sector that is the worst in 35 years, CEO Duncan Wanblad said.
Market Impact
The diversified miner announced sweeping cuts last year to save about $1.8 billion. A drop in palladium and rhodium prices has squeezed profits for Anglo’s South African units.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
