London, March 4, 2026, 07:49 GMT — Premarket
- Anglo American shares settled at 3,452p on Tuesday, dropping 3.84% and stretching losses into a second session.
- The miner submitted its annual report package and scheduled its AGM for late April.
- Energy shocks are shaking up risk assets, and traders have their eyes on the March 12 ex-dividend date.
Anglo American (AAL.L) faced attention before Wednesday’s session in London, following a 3.84% slide on Tuesday that left shares settling at 3,452 pence. Trading volume reached roughly 17.3 million shares. The stock now sits about 11% under its 52-week peak of 3,877 pence, which it touched on Feb. 25, according to trading data. 1
UK stocks posted their sharpest single-day loss in nearly a year as investors scaled back expectations for rate cuts, reacting to a surge in energy prices. Brent crude shot up almost 7%, while European gas prices soared 15%, with the U.S.-Israeli conflict with Iran snarling Middle Eastern energy supplies, according to Reuters. “If higher energy prices squeeze real incomes and prevent the Bank from cutting rates, hopes would be dashed,” said David Rees, head of global economics at Schroders. 2
On Monday, Anglo rolled out its integrated annual report for 2025, alongside a stack of supporting documents: ore reserves and resources, its tax and economic contribution breakdown, plus a transition plan covering 2026 to 2028. The company flagged April 29 for its annual general meeting, with the notice slated for March 23. 3
There’s also a dividend in the mix. Anglo put out word of a final 16-cent per share dividend, setting the ex-dividend date in London for March 12; anyone picking up shares from that point misses the payout. Payment lands May 6. 4
All eyes on the next session: will the stock finally catch its footing, or extend its two-day slide that’s mirrored the broader drop in cyclicals? Much of the early move could come down to inflation nerves—if recent fuel cost spikes lose their grip, there’s room for relief; if not, pressure may intensify.
Anglo’s overhaul is far from over, and investors are still working out how to value the company as the picture shifts. The miner posted a $3.7 billion loss last month, hit hard by a $2.3 billion writedown tied to its De Beers diamond business. CEO Duncan Wanblad cited “a plentiful supply of rough diamonds” weighing on the market. Over at Goldman Sachs, analysts pointed to talks with Mitsubishi on the Woodsmith fertiliser venture, saying such a deal “would add optionality and time” for Anglo as it searches for partners. 5
Still, when geopolitics drives the action, fundamentals don’t give much clarity. If the energy shock lingers, inflation could stay stubborn, growth might get pinched, and rate bets stay jumpy—a tough recipe for miners, even if certain commodity prices remain firm.
