Anglo American Cuts 2027 Copper Guidance as Production Declines

By Billy Gray

Anglo American lowered its 2027 copper guidance as production fell in the fourth quarter.

The London-listed miner on Thursday cut its 2027 copper production guidance to between 750,000 and 810,000 tons from 760,000 and 820,000 tons.

The company flagged a fourth-quarter production decline in copper. It said it dug out 170,000 tons of copper, down 14% from the prior-year period, and that iron ore production rose to 15.1 million tons from 14.3 million tons.

Diamond output fell 35% on year to 3.8 million carats, a decrease mainly driven by maintenance closures at its Jwaneng and Orapa mines in response to market conditions. Diamond market conditions could generate an impairment at the full-year results, it said.

It said that steelmaking coal production declined 15% on year to 2.1 million tons, and nickel production grew 3% to 10,300 tons.

Write to Billy Gray at [e-mail]

Corrections & Amplifications

This article was corrected at 0821 GMT to reflect Anglo American said steelmaking coal production declined. The original version incorrectly said steelmaking production declined in the last paragraph.

(END) Dow Jones Newswires

02-05-26 0304ET