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2 months ago
Shares in Anglo American PLC (LSE:AAL) rose 5% to 3,703p after the FTSE 100 miner slashed its cost forecasts for its copper business, the division that will define the group after its merger with Canada's Teck Resources. Unit cost guidance for copper, the cash cost of producing a pound of metal, was cut to about 145 cents from roughly 172 cents previously.