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Name | Symbol | Market | Type |
---|---|---|---|
Anglo American PLC (QX) | USOTC:NGLOY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 0.63% | 15.87 | 15.58 | 16.00 | 15.92 | 15.79 | 15.86 | 1,178,846 | 21:05:08 |
By Christian Moess Laursen
Anglo American said Wednesday that the value of rough diamond sales for De Beers' fourth sales cycle of 2023 fell to $480 million from $604 million in the prior-year's fourth cycle.
The FTSE 100-listed diversified mining group said the sales also fell sequentially from $542 million in the previous cycle, as the industry has entered a traditionally weaker season.
There are 10 sales cycles each year.
"Rough diamond demand was also influenced by ongoing macroeconomic uncertainty and a slower pace of recovery in consumer demand from China than was widely anticipated," De Beers Chief Executive Al Cook said.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
May 17, 2023 02:35 ET (06:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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