Amplats predicts that recession is already priced into precious metals
25 July 2022 - 11:09
UPDATED 25 July 2022 - 23:53
Precious metals group Anglo American Platinum (Amplats) 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 level on record.
The miner remained upbeat about the outlook for platinum, expecting the surplus for it and rhodium to move gradually towards a deficit in 2024 and 2025 as automotive demand accelerates...
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