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AAL Anglo American Plc

2,205.00
94.00 (4.45%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo American Plc LSE:AAL London Ordinary Share GB00B1XZS820 ORD USD0.54945
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  94.00 4.45% 2,205.00 2,210.50 2,212.00 2,219.00 2,122.00 2,155.00 8,221,214 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 30.84B 283M 0.2116 104.49 29.57B

Anglo American: De Beers's Diamond Sixth Cycle Sales Boosted by US, China

28/07/2021 8:17am

Dow Jones News


Anglo American (LSE:AAL)
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From Apr 2021 to Apr 2024

Click Here for more Anglo American Charts.

By Ian Walker

 

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group were 6.9% higher in the sixth sales cycle of 2021 compared with the previous cycle, as it benefited from strong demand in the U.S. and China.

The diversified mining company said that the outlook remains positive for the second half of the year, based on the strength of diamond jewelry sales, subject to continued coronavirus-related impacts.

De Beers sold $510 million of diamonds in the sixth cycle of the year compared with $477 million in the fifth and $116 million for the sixth cycle last year. There are 10 sales cycles each year.

Anglo American said sales are provisional figures due to a change in the company's approach to diamond sales because of pandemic-related movement restrictions around the globe. The figures are based on expected sales between July 12 and July 27.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

July 28, 2021 03:08 ET (07:08 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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