Anglo American reports 5 percent copper decline and stock trades at EUR 45.68

Published on 10/28/2026 at 09:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Anglo American raised De Beers guidance to 25-28 million carats for 2026. Anglo American stock trades at EUR 45.68 on October 28, 2026.

Production and portfolio updates

Anglo American released its third-quarter production report on October 20, 2026.
De Beers guidance rose to 25-28 million carats for 2026 from 21-26 million.
Anglo American stock trades at EUR 45.68 at 9:32 a.m. CET at Lang & Schwarz on October 28, 2026.

Anglo American, GB00BTK05J60, Illustration mit AI erstellt.

Anglo American (ISIN GB00BTK05J60) reported a 5 percent decline in third-quarter copper production to 174,900 tonnes for the period ended September 30, 2026. The Anglo American report was released on October 20, 2026, and attributed the lower output mainly to extreme weather in Chile and lower-grade stockpile processing at Collahuasi.

What changed in production?

The production mix was uneven. Premium iron ore output fell 4 percent to 13.8 million tonnes, while manganese production increased 6 percent to 1,031,400 tonnes. Steelmaking coal rose 53 percent to 2.9 million tonnes, and nickel output increased 3 percent to 10,400 tonnes.

Anglo American said its 2026 production guidance remains unchanged for copper at 700,000 to 760,000 tonnes and for premium iron ore at 55 million to 59 million tonnes. The company also lowered Copper Peru unit cost guidance to 50 US cents per pound from 65 US cents previously.

De Beers guidance moves higher

De Beers production guidance increased to 25 million to 28 million carats for 2026 from the previous range of 21 million to 26 million carats. The report also showed rough diamond production down 11 percent year over year to 6.8 million carats in the third quarter.

Portfolio changes remain active

Anglo American said the proposed merger with Teck Resources remains on track for completion by March 2027, with engagement with China's antitrust regulator described as the final outstanding regulatory milestone. The company also said the sale of its Australian steelmaking coal business for up to USD 3.875 billion remains on track for the first quarter of 2027.

Stock price and investor context

The report leaves investors weighing weaker copper and iron ore production against higher output in selected businesses, lower Copper Peru unit cost guidance and the raised De Beers range. These figures make the next production update important for judging whether the planned fourth-quarter improvement in copper grades is emerging.

Anglo American stock was trading at EUR 45.68 at Lang & Schwarz on October 28, 2026, at 9:32 a.m. CET. The quote is the current euro indication; a dated Xetra closing comparison is not included.

The further course of trading is shown by the continuously updated real-time quote of Anglo American stock.