London, Feb 16, 2026, 08:41 GMT — Regular session
- Anglo American shares down about 1% early Monday, tracking a softer start for miners
- Focus turns to a heavy week of mining earnings as the January metals rally turns choppier
- Company reports full-year results and a sustainability strategy update on Feb. 20
Anglo American (AAL.L) shares fell about 1% in early London trade on Monday, as investors positioned ahead of the miner’s full-year results later this week. The stock was down 38 pence at 3,548 pence, after a previous close of 3,586. (Investing)
The drift matters now because Europe’s largest miners report over the next few days, and the numbers will land into a market that has been leaning hard on “metals up, miners up” logic since January. If the guidance is messy, the trade can unwind fast.
For Anglo, the immediate test is whether it can keep the recent optimism intact while it reshapes its portfolio and tries to keep costs tight across a spread of commodities. The company’s read on copper and iron ore is likely to set the tone for the UK mining tape.
Broader European stocks were slightly firmer on Monday morning, with investors looking ahead to another batch of earnings later this week. (Reuters)
Commodity markets have been the noise and the signal. Copper, gold and silver hit fresh peaks recently, but the move has been less one-way in February, Reuters wrote in a weekly markets preview. (Investing.com Canada)
Anglo is due to publish full-year results at 0700 GMT on Feb. 20, according to the company’s investor calendar, and it has also scheduled a sustainability strategy update the same day. (Angloamerican)
Chief executive Duncan Wanblad and chief financial officer John Heasley are set to host a results presentation at 0900 GMT on Feb. 20, the company’s investor site shows. (Angloamerican)
Investors will watch for any shift in near-term production guidance, costs and cash returns, particularly after a run that has taken the shares close to their recent highs. They will also look for updates on asset sales and the timetable around the group’s reshaping.
Anglo said earlier this month that 2025 copper production fell 10% and it cut its 2026 copper forecast, citing lower output at Chile’s Collahuasi mine. “We are committed to seeing our portfolio transformation through to its conclusion,” Wanblad said in a statement at the time. (Reuters)
Peers Rio Tinto, Glencore and Antofagasta also report this week, and the sector’s message on demand and price assumptions could spill across the group. (Investing.com Canada)
But the setup cuts both ways. A pullback in metal prices, weaker signals on China demand, or another deterioration in diamonds could undercut forecasts and put pressure back on the stock, especially if investors start to question how quickly the company can execute its portfolio plans.
The next hard catalyst is Anglo’s results release at 0700 GMT on Friday, followed by its 0900 GMT presentation, with investors primed for guidance and any fresh detail on its strategy update. (Angloamerican)
