In 2019, Anglo was fortunate that material price tailwinds for iron ore and palladium drove their respective divisional margins to highs – 43.3% and 24.4% – unseen for many years. This more than compensated for varying weakness in other divisions. While the Coronavirus scare has opened a small window of opportunity, Anglo’s attractiveness could increase further once (faster) recovery in copper and diamonds gets underway.
25 Feb 2020
Full-year supported by unsustainable(?) price tailwinds
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Full-year supported by unsustainable(?) price tailwinds
Anglo American plc (AAL:LON) | 2,557 9013.4 16.0% | Mkt Cap: 34,202m
- Published:
25 Feb 2020 -
Author:
Varun Sikka -
Pages:
4
In 2019, Anglo was fortunate that material price tailwinds for iron ore and palladium drove their respective divisional margins to highs – 43.3% and 24.4% – unseen for many years. This more than compensated for varying weakness in other divisions. While the Coronavirus scare has opened a small window of opportunity, Anglo’s attractiveness could increase further once (faster) recovery in copper and diamonds gets underway.