Amplats shares plunge after another gloomy trading update
The PGM market has been under huge pressure for months since the Covid-19-induced boom and bust
Anglo American Platinum (Amplats) expects its full-year profits to slump as much as 77%, indicating the continuous drop in average platinum group metal (PGM) basket prices.
The trading update knocked its share price 7.3% to R717.13 in midmorning trade on the JSE and it closed 6.86% down on the day at R718.27...
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