Anglo American considers deeper cost cuts in face of worst downturn in years

6 February 2024, 12:00 am

1 min read

FILE PHOTO: Anglo American CEO Duncan Wanblad speaks during the Investing in African Mining Indaba 2023 conference in Cape Town, South Africa, February 6, 2023. REUTERS/Shelley Christians/File Photo

Reuters exclusively reported that Anglo American (AAL.L) may consider deeper cost-cutting measures unless market conditions improve after a fall in prices and a downturn in the platinum group metals (PGMs) sector that is the worst in 35 years, CEO Duncan Wanblad said.