Anglo American Stock Price Falls 3% as Teck Merger Update Fails to Steady Shares
Anglo American shares fell 3.04% to 2,867 pence Friday, underperforming the FTSE 100 as metals markets slid and investors trimmed exposure to miners. The company is seeking final regulatory approval for its merger with Teck Resources, which would shift its portfolio heavily toward copper. Anglo also priced $2.3 billion in new bonds and cut 2026 copper output guidance. Diamond production dropped 12% last year.