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23 Feb

Anglo American’s net profit shrinks 47% in 2022

Anglo American reported on Thursday a net profit of $4.5 billion in 2022, as macroeconomic and operational headwinds dented net income by 47% on-year, Kallanish notes. The London-based miner saw its total production drop 2% on a copper equivalent basis and revenue decline 15% to $35.11 billion. Looking at the financials for its battery materials commodities, Anglo American posted a 45.6% drop in its copper business’ underlying EBITDA (earnings before intere…
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