In an update on its performance and outlook, Anglo American estimates that its production will have increased by around 3% in 2023, thanks in particular to the ramp-up of Quellaveco's copper and solid iron ore production.

Nevertheless, in order to reduce unit costs, the mining company states its intention to reduce production by around 4% in 2024, then by around 3% the following year, before an expected recovery of around 4% in production in 2026.

In the short term, given the continuing high macroeconomic volatility, we are deliberately reducing our costs and prioritizing our capital in order to generate more profitable production on a sustainable basis", explains CEO Duncan Wanblad.

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