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Anglo American keeps 2026 copper output target despite Q3 drop due to weather and ore quality.

Market News
20 Oct 2026
Proactive Investors
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Neutral
Anglo American keeps 2026 copper output target despite Q3 drop due to weather and ore quality.

Anglo American reported a 5% decline in third-quarter copper production due to extreme winter weather in Chile and lower-grade ore at its Collahuasi mine. Despite this, the company maintained its full-year copper production guidance of 700,000 to 760,000 tonnes, expecting improved ore grades to boost output in the fourth quarter. Other metals saw mixed results: iron ore fell 4%, manganese rose 6%, and steelmaking coal surged 53%. Anglo American also raised its diamond production forecast after gaining full ownership of a Canadian mine and confirmed progress on its merger with Teck Resources and asset sales in coal and nickel.

Anglo American's 2026 copper production update provides context for Basic Materials sector activity on Pluang. As of Oct 20, 2026 14:01 WIB, 31 of 83 Basic Materials stocks rose while 50 fell. Notable movers include Element Solutions Inc. at USD 36.05 (+2.85%), Nutrien Ltd at USD 69.31 (-2.74%) with 100% buy orders, and Aura Minerals Inc. at USD 84.83 (-2.72%).

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