Surging PGM prices drive Amplats earnings

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Anglo American Platinum is the second big platinum group metal producer to advise investors to expect strong growth in annual profits

Anglo American Platinum , the world’s second-largest source of platinum group metals , expects annual earnings to shoot up by more than half due to higher prices.

Amplats, which is 80% owned by Anglo American, is the second big PGM company to flag a steep jump in profits for 2020, despite the Covid-19 pandemic disrupting operations in SA...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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