ARM’s Profit Surges, Outlook Upbeat

Bloomberg reported that African Rainbow Minerals (PINK:ARBWY) reported higher first-half profit due to increased output and higher prices.

The market news is quoted as saying:

ARM, which has interests in nickel, coal, iron ore, platinum, chrome and manganese, said the outlook for its commodities was positive due to demand from China and global supply constraints, although the strong rand was a concern.

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