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AAL Anglo American Plc

1,950.80
28.00 (1.46%)
Last Updated: 15:43:19
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
  28.00 1.46% 1,950.80 1,950.40 1,951.00 1,955.80 1,915.40 1,938.80 6,590,711 15:43:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 30.84B 283M 0.2116 92.11 26.07B

Anglo American Says Rough Diamond Sales Value for De Beers' Fourth Cycle Fell

17/05/2023 7:50am

Dow Jones News


Anglo American (LSE:AAL)
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From Mar 2023 to Mar 2024

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   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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