LONDON (Reuters) -Global miner Anglo American on Tuesday posted a 9% drop in copper production in the first nine months of the year but maintained its 2025 guidance for the transition metal, and
Anglo American Reports 9% Decline in Copper Production This Year
Anglo American's Copper Production Overview
LONDON (Reuters) -Global miner Anglo American on Tuesday posted a 9% drop in copper production in the first nine months of the year but maintained its 2025 guidance for the transition metal, and raised its outlook for iron ore output.
Quarterly Production Figures
Anglo said its copper output stood at 183,500 metric tons in the July to September quarter, compared to 181,000 tons in the same period of 2024, but fell to 526,000 tons in the first nine months from 575,000 in 2024.
Merger Plans with Teck Resources
The London-listed miner in September announced a plan to merge with Canada's Teck Resources, hoping to forge a new global copper-focused heavyweight.
Future Production Guidance
The deal came as Anglo was in the middle of restructuring its business after fending off a $49 billion takeover offer from bigger rival BHP Group in 2024.
Anglo still expects to produce 690,000-750,000 tons of copper and raised its iron numbers to 58-62 million tons from 57-61 million previously, after a pipeline inspection at its Minas-Rio operation in Brazil completed ahead of schedule.
(Reporting by Clara Denina; Editing by Kirsten Donovan)
