Anglo American slashes 2026 copper production guidance after 10% output decline
Global miner Anglo American reported a 10% drop in 2025 copper production to 695,000 metric tons and significantly reduced its 2026 outlook to between 700,000 and 760,000 tons. The cuts follow lower output from its Collahuasi mine in Chile and anticipated charges for rehabilitation provisions in the region.
Insights:
Anglo American has announced a material downward revision to its copper production, reporting 695,000 metric tons of output in 2025—a 10 percent decline from the prior year—and cutting its 2026 copper production guidance to a range of 700,000 to 760,000 tonnes from the previously issued range of 760,000 to 820,000 tonnes. The revision reflects lower output at the company's co-owned Collahuasi mine and signals a near-term challenge to the mining major's production outlook at a critical juncture in its corporate transformation.
The company also disclosed that it expects approximately 200 million dollars of charges in the second half of 2025 for rehabilitation activities at its Chile copper operations 
CL. These rehabilitation provisions represent a material cost that will be reflected in the company's financial results and underscore the operational pressures facing Anglo American's copper portfolio in the region.
CL. These rehabilitation provisions represent a material cost that will be reflected in the company's financial results and underscore the operational pressures facing Anglo American's copper portfolio in the region.
