LONDON, June 29, 2026, 13:11 BST
- Anglo American plc (LON:AAL) slipped 0.97% to 3,682p as of 13:06 BST in London on a delayed print, trading during the LSE’s normal 0800-1630 BST session.
- Shares traded around 13% under the 52-week high of 4,239p, despite jumping 71.18% over the past year.
- Copper slipped just 0.25% for the session and is sitting about 21% higher than this time last year. Anglo still fell harder than the metal.
- Codelco’s June 24 deal calls for 2.7 million tonnes more copper output over 21 years. But the final rollout will likely come by 2030.
Anglo American plc (LON:AAL) slid Monday, trailing spot copper gains and some London mining names as investors continued to cut the stock. Market is still waiting for permit news, possible asset sales, and clarity on merger timing before seeing the next copper boost for the company.
London’s main market slipped, with the FTSE 100 falling 0.2% as of 0949 GMT, according to Reuters. Mining names traded down after gold dropped, but shares in Anglo fell more than the overall index.
Quotes from Davy, Investors Chronicle, and Trading Economics showed this split:
| Measure | Latest | Day move | Longer move |
|---|---|---|---|
| Anglo American (LON:AAL) | 3,682p | down 0.97% | up 71.18% for the year |
| FTSE 100 CFD proxy | 10,504.48 | off 0.03% | up 19.90% in 12 months |
| Copper CFD | $6.13/lb | off 0.25% | up 21.21% over the year |
Volume stayed light. Anglo had 367,300 shares change hands by 12:51 BST, just 8.4% of the average 4.35 million daily, based on Google Finance figures. That means Monday’s price move wasn’t supported by much trading early on.
Peer tape was mixed as per Trading Economics prices:
| London miner | Ticker | Last price | Day move |
|---|---|---|---|
| Anglo American plc | LON:AAL | 3,688.50p | -0.79% |
| Antofagasta plc | LON:ANTO | 3,818p | -0.18% |
| Rio Tinto plc | LON:RIO | 7,165p | -0.04% |
| Glencore plc | LON:GLEN | 519.30p | +0.89% |
Anglo isn’t just a copper play right now. The June 24 deal with Codelco gives it a big copper option at Los Bronces and Andina in Chile: 2.7 million tonnes over 21 years, or about 120,000 tonnes a year for each, with “minimal capital investment,” according to Anglo. It still needs permits and has other conditions to meet, with operations set for 2030. CEO Duncan Wanblad called it “one of the most significant copper adjacency opportunities in the world.” Anglo American
De Beers could move quickly. CEO Al Cook told Reuters on June 16 a sale may happen “weeks rather than months,” and said the process was “never been closer” to a deal. Anglo owns 85% of De Beers and Botswana holds 15%. Reuters reported two groups are left in the running. Reuters
Coal is another way for Anglo to raise cash. In May, the company agreed to sell its Australian steelmaking coal unit to Dhilmar for as much as $3.875 billion in cash—$2.3 billion upfront, with up to $1.575 billion more tied to prices. Anglo said it would use the money to cut net debt. The deal should close by the first quarter of 2027.
Teck Resources Ltd (TSE:TECK.B) is still trading on the merger story. Anglo American and Teck say that together, the group would give investors over 70% copper exposure. Both are pointing to shareholder signoff and Canadian signoff in their merger documents.
Anglo American’s next hard number is the Q2 2026 production report, set for release at 0600 GMT on July 23, according to the company.
