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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador2/20/2020 2:45:01 AM
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South Africa electricity screw up send Palladium prices to record and boost Anglo American's 2019 profit up 9%

Anglo American's 2019 profit up 9% on higher iron ore, precious metals prices. Global miner Anglo American AAL.L said on Thursday its full year profits climbed 9% as higher prices for iron ore and precious metals offset weakness in diamonds and coal. nasdaq.com

Thanks South Africa's ESKOM power failures that affected not only South Africa but neighboring Zimbabwe and Zambia. Automobile sector accounts for about 80% of demand. South Africa is the world’s biggest producer of platinum and No. 2 palladium supplier.


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