London, March 30, 2026, 13:15 BST.
Shares of Anglo American plc started Monday up 0.5% at 3,076 pence, lifted alongside miners and energy names that kept London trading steady. That price edged the stock above its Friday close of 3,061 pence, London Stock Exchange data show.
The initial uptick is notable, since Anglo remains in the midst of a retooling—focusing resources on copper, premium iron ore, and crop nutrients, while moving to divest or spin off its steelmaking coal, nickel, and De Beers units. Back in February, chief executive Duncan Wanblad described 2025 as a “transformational year” for the company, which is streamlining its assets and pursuing Teck. Anglo American
Sectors gave the market a nudge. Rio Tinto climbed close to 4%, lifted by news that three of its four Pilbara iron ore port terminals were back online following Tropical Cyclone Narelle. The resumption fed into broader gains for mining stocks across Europe.
Anglo figures into the cyclone fallout too. South32, which runs the Gemco manganese mine with Anglo, halted operations there following the storm, Reuters said Monday. South32 announced March 20 it had stopped work and evacuated non-essential staff from the island. Gemco stands as the world’s biggest manganese mine.
Chile delivered a clearer headline last week when its competition authority signed off on a joint mining venture linking Codelco’s Andina with Anglo’s Los Bronces. The firms project an annual copper boost of 120,000 metric tons from the combination, with value estimated at $5 billion or more.
The Teck timeline is shifting as well. Anglo has announced plans to delist from the SIX Swiss Exchange on June 26, just ahead of the merger. Brazil CEO Ana Sanches, speaking earlier this month, said the company anticipated wrapping up final regulatory approvals by year-end. If completed, the all-share transaction will form the world’s fifth-biggest copper producer.
Wanblad echoed that message in Anglo’s Feb. 5 production update, reiterating the focus on “operational excellence and growth.” With copper prices staying robust, the company temporarily brought a second plant at Los Bronces back online, aiming to cushion the impact of lower production forecasted at Collahuasi for 2026. Anglo American
Still, vulnerabilities remain. Back in February, Anglo trimmed its 2026 copper forecast to 700,000-760,000 tons—down from the earlier range of 760,000-820,000 tons—and then reported a $3.7 billion annual loss, hit by yet another De Beers writedown. Wanblad had pointed to “a plentiful supply of rough diamonds in the market” at that time. A new outage at Gemco, delays offloading assets, or slower-than-hoped approvals on Teck could easily chip away at the early bump seen Monday. Reuters
Anglo’s first look at 2026 comes with its Q1 production report, due out April 28. Investors will be watching to see if improved copper pricing and progress on the Chile strategy can offset trouble spots like Gemco and De Beers.
