Anglo American to Sell Niobium, Phosphate Units for $1.5 Billion

Anglo American Plc agreed to sell its niobium and phosphate businesses to China Molybdenum Co. for $1.5 billion in cash.

“The sale of our niobium and phosphates businesses is another positive step forward in the strategic reshaping of Anglo American that we set out in February,” Anglo Chief Executive Officer Mark Cutifani said in a statement on Thursday.

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