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Anglo American's Q3 production showed no major surprises, with copper output down 5% and iron ore down 4%, while full-year guidance remained unchanged. Lower copper unit-cost guidance provides additional EBITDA support, but weaker iron ore prices offset the potential benefit in our forecasts. Portfolio disposals remain a key catalyst, although uncertainty surrounding De Beers' valuation and the steelmaking coal exit…

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.

Anglo American posts 5% drop in Q3 copper output on Chile weather disruptions

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.