The Traderszone Network

Published in TZ Latest News 22 October, 2015 by The TZ Newswire Staff

Drop In Demand For Diamonds Pinned On China

Mining firm Anglo American (AAUKY) cut its production target for diamonds for the third time this year as demand for the precious stones continued to soften. The company also lowered iron-ore and copper output targets. The stock has fallen 50% this year and is the worst performer in the benchmark FTSE 100 index after Glencore.

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