London, Feb 26, 2026, 07:51 GMT — Premarket
- Shares of Anglo American surged 4.4% on Wednesday, notching a fresh 52-week high.
- Miners jumped, following metals higher and pushing sector indexes to fresh records.
- Traders are eyeing commodity price swings, developments in the De Beers sale process, and key dividend dates coming up.
Anglo American plc climbed 4.4% Wednesday to finish at 3,829 pence, just shy of a 52-week peak after brushing 3,877 pence earlier in the session. The rally keeps the stock on traders’ radar heading into Thursday’s London action.
Miners are suddenly in the driver’s seat for European and UK indexes, as investors shift into “hard asset” plays while metals prices keep notching higher. Europe’s basic resources sector on Wednesday surged to a record, lifted by climbing prices across both precious and industrial metals. Reuters
London’s FTSE 100 ended at a new high, with mining sub-indexes getting a boost as gold and copper prices moved up on a weaker dollar, Reuters reported.
Anglo American’s shares have mostly tracked the broader market, with its heavy copper and iron ore interests leaving the group exposed to the usual metal price volatility.
All eyes now turn to the regular session, with the key question: does the sector bid survive once liquidity is back? Wednesday’s trading in Anglo saw volumes spike to roughly 13.3 million shares, per London Stock Exchange data.
Outside the usual metals action, investors are sifting through Anglo’s fresh numbers and the latest portfolio moves. The company posted a $3.7 billion loss last week, hit by a $2.3 billion writedown tied to De Beers — that’s an impairment, a non-cash hit on asset value — and confirmed it’s pressing forward with plans to sell the diamonds unit.
De Beers is “at an advanced stage” of being sold, chief executive Duncan Wanblad said, speaking to reporters. The group still needs binding bids before picking a partner, he added, and that process includes talks with Botswana’s government. Reuters
Anglo hasn’t let up on its $53 billion all-stock bid for Canada’s Teck Resources. Wanblad told reporters the deal is still hung up on regulatory green lights, notably in China and South Korea.
Another key date coming up: Anglo’s final 2025 dividend goes ex-dividend on the London Stock Exchange on March 12, with shareholders of record as of March 13 set to receive payment on May 6, according to the company.
Bulls have a straightforward worry here: metals lose steam or the dollar strengthens, and that sector trade might flip fast. Anglo’s got its own hurdles too—still looking at execution risk around De Beers, with timing on the Teck deal up in the air.
Traders are eyeing a few things on the calendar: Thursday’s moves in the miners, the UK budget update set for March 3 (as noted by Reuters), and then Anglo’s ex-dividend date lands on March 12, which could be the next big mover for that stock.
