Anglo American Keeps Copper Forecast After Snow Impact

Anglo American reported a 5% drop in third quarter copper production due to heavy snowfall in Chile. Despite the dip, the miner maintained its 2026 copper guidance and raised its diamond outlook.

Xurve View
Insights:
FILE PHOTO: Logo of Anglo American is seen on a jacket of an employee of the Los Bronces copper mine, in the outskirts of Santiago, Chile March 14, 2019. REUTERS/Rodrigo Garrido/File Photo

ANGLO AMERICAN PLC reported a 5% fall in third-quarter Copper output to 174,900 metric tons after record snowfall in Chile. The miner maintained its 2026 production forecast between 700,000 and 760,000 tons. The dip follows a 1% decline in the first nine months to 519,000 tons.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.