Rocketing metal prices save Amplats dividend as profit falls
27 July 2020 - 09:27
World number two platinum group metals (PGM) supplier Anglo American Platinum (Amplats) will regain its usual place as the go-to investment in the sector after putting a difficult six months behind it.
Amplats, which is 80% owned by Anglo American, had a tough six months with processing stoppages, SA’s Covid-19 lockdown and erratic electricity supply, but its financial results were saved by an 80% increase in the rand price for the metals it produced...
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