Anglo American sells nickel business for $500mln
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Anglo American PLC has sold its nickel business for $500 million to MMG Singapore Resources, a subsidiary of MMG Ltd. This move aligns with Anglo American's strategy to focus on copper and iron ore.
February 18, 2025 | 8:15 am
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Anglo American PLC has sold its nickel business for $500 million to MMG Singapore Resources, a move that aligns with its strategic focus on copper and iron ore.
The sale of the nickel business allows Anglo American to concentrate on its core operations in copper and iron ore, potentially improving operational efficiency and profitability. This strategic realignment is likely to be viewed positively by investors.
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