Anglo American

Fitch affirmed Anglo American’s long-term issuer default rating at BBB+ and changed the outlook from 'negative' to 'stable', citing lower indebtedness, strong operating performance and higher copper prices that strengthen the balance sheet. The planned merger with Teck is expected to close by the end of Q1 2027 but remains subject to Chinese antitrust approval. Fitch expects a net leverage ratio below 1.2x EBITDA for 2026–2029 and forecasts pro-forma EBITDA of $11.5bn for 2026, with around 75% to come from copper. Anglo American is advancing disposals and plans dividend payments, including a regular dividend of $2bn and a pre-merger special dividend of $4.5bn. » More on de.investing.com

Anglo American has been awarded The Copper Mark for the Quellaveco copper mine in Peru and for the Los Bronces and El Soldado sites and the Chagres smelter in Chile. Quellaveco was certified for the first time, while the Chilean operations received confirmation of the certification that has existed since 2022; Quellaveco and Los Bronces additionally received The Molybdenum Mark. All four sites also received, for the first time, the Copper Mark Chain of Custody after an independent review of 33 performance areas that began in October 2025. » More on de.investing.com

Anglo American's stock rose about 4.5% after an operational update for H1 2026 in which the copper unit-cost guidance for 2026 was reduced from around 172 cents to about 145 cents per pound. Copper production remained stable in the first half at 343,600 tonnes and the annual target range of 700,000–760,000 tonnes was confirmed. Despite negative EBITDA expectations for diamonds and coal, the market reacted positively because those divisions are up for sale and are not part of the core portfolio. The prospect of margin improvement in the copper segment and the pending merger with Teck supported the stock's revaluation. » More on de.investing.com

Anglo American shares plunged about 6.2% to 3,810 pence after a sell-off in London-listed mining stocks was triggered by renewed US–Iran tensions. A retreating copper price and heavy losses in gold and silver intensified the wave of selling, while a weaker GBP/USD weighed on UK commodity positions. Changes in analysts' interest-rate expectations and the upcoming merger with Teck Resources (high copper exposure) leave the stock vulnerable to further commodity- and news-driven volatility. » More on de.investing.com

Copper futures on the London Metal Exchange hit a record high of around $14,191 per tonne, sharply lifting British mining stocks. Anglo American rose 3.49%; Antofagasta, Rio Tinto and Glencore also posted double‑digit percentage gains. Drivers include supply bottlenecks from disrupted sulphuric acid deliveries, production cuts in Chile and a delayed recovery at the Grasberg mine, alongside strong demand from China and structural demand from data centres, electric vehicles and grid electrification. Precious metal producers such as Fresnillo and Endeavour also advanced, while the gold price eased slightly. » More on de.investing.com