Column: Electric dreams turn into a nightmare for battery metals
A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite into the cost curve.
Anglo American, one of the world’s largest miners, today reported strong first half growth with operating profit ahead 40% to $6bn.
Chief Executive Cynthia Carroll said that investments made during the downturn would stand them in good stead in the near-term future.
“We believe that the fundamentals for the mining industry are very, very strong, and therefore the longer-term outlook is extremely positive.”
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