The miner said an expected rise in copper grades over the remainder of the year helped it keep its full-year guidance despite a 5% fall in quarterly output due to snowfall.
Anglo American PLC (LSE:AAL) maintained its 2026 production guidance after third-quarter copper output fell 5% year on year as extreme winter weather in Chile and lower-grade processing at Collahuasi weighed on operations. The FTSE 100 miner produced 174,900 tonnes of copper during the quarter, compared with 183,500 tonnes a year earlier, while year-to-date production slipped 1% to 518,500 tonnes.
Signet Jewelers Limited (NYSE:SIG)'s potential involvement in a consortium seeking to acquire De Beers is aligned with its natural diamond strategy, UBS analysts wrote in a note. Natural diamonds made up about 40% of Signet's calendar 2025 sales, according to analysts.
Hong Kong-listed mining and metals company MMG accused EU antitrust regulators on Thursday of ignoring evidence that its bid for Anglo American's Brazilian nickel business would not divert supplies from Europe to China.
British mining company Anglo American will likely shut down its Brazilian nickel operation if EU antitrust regulators block its sale to Hong Kong-listed mining and metals company MMG , its chief operating officer will warn regulators at a closed hearing on Thursday, according to prepared comments obtained by Reuters.
Deutsche Bank has raised its targets on several UK-listed miners as stronger copper fundamentals point to a potential supply squeeze over the coming quarters. Anglo American PLC (LSE:AAL), the diversified mining group, remains rated 'buy', with the target price increased to 4,700p from 4,500p, making it one of the bank's preferred stocks in the sector.
China's antitrust regulator has asked Anglo American to commit to supply the country with a steady flow of copper concentrate as a condition for approving its proposed $54 billion merger with Canada's Teck Resources , three people aware of the development said.
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