Anglo American Platinum expects HY earnings decline due to lower PGM price, lower sales and higher costs

- Anglo American Platinum , a member of the Anglo American Group, reported today that its earnings for the six months ended 30 June 2023 have decreased largely due to a decline in revenue as a result of the lower average PGM basket price relative to the corresponding six months in 2022.

Furthermore, according to a press release, sales volumes from the company’s own production were 12% lower compared to H1 2022. Anglo American Platinum added that continued inflationary pressure and exchange rate volatility have also led to higher mining and processing costs.

مصر أحدث الأخبار, مصر عناوين