London, March 4, 2026, 07:49 GMT — Premarket
- Anglo American shares closed at 3,452p on Tuesday, down 3.84% and extending a two-day slide.
- The miner has filed its annual report package and set its AGM date for late April.
- Traders are watching the March 12 ex-dividend date as energy shocks rattle risk assets.
Anglo American (AAL.L) was in focus ahead of Wednesday’s London open after the miner fell 3.84% on Tuesday to close at 3,452 pence. About 17.3 million shares changed hands and the stock is around 11% below its 52-week high of 3,877 pence hit on Feb. 25, trading data showed. 1
The selloff came as UK stocks logged their steepest daily drop in almost a year, with investors cutting back bets on interest-rate cuts after energy prices surged. Brent crude gained nearly 7% and European gas prices jumped 15% as the U.S.-Israeli war with Iran disrupted Middle East energy exports, Reuters reported. “If higher energy prices squeeze real incomes and prevent the Bank from cutting rates, hopes would be dashed,” David Rees, head of global economics at Schroders, said. 2
Anglo added its own set of signposts on Monday, publishing its integrated annual report for 2025 and a batch of supporting documents, including its ore reserves and resources report, tax and economic contribution report, and a 2026–2028 transition plan. The company said its annual general meeting will be held on April 29 and the notice will be published on March 23. 3
Investors also have a dividend date on the near-term clock. Anglo declared a final dividend of 16 cents a share and said the stock will go ex-dividend in London on March 12 — meaning buyers from that day will not qualify for the payout — with payment due May 6. 4
The next session will test whether the stock can steady after two days of declines that tracked a wider retreat in cyclicals. Early trading will likely hinge on whether inflation worries fade, or harden, after the latest jump in fuel costs.
Anglo is in the middle of a broader overhaul, and investors are still trying to price that story. Last month, the miner reported a $3.7 billion loss after taking a $2.3 billion writedown on its De Beers diamond unit, and CEO Duncan Wanblad said there was “a plentiful supply of rough diamonds” in the market. Goldman Sachs analysts said a potential Mitsubishi partnership on the Woodsmith fertiliser project “would add optionality and time” as Anglo looks for partners. 5
But there is no clean read-through from fundamentals when markets are moving on geopolitics. If the energy shock sticks, it can keep inflation hotter, squeeze growth and keep rate expectations on edge — a mix that can weigh on miners even when some commodity prices hold up.
