Anglo American jumps after lowering 2026 copper unit cost forecast

Teck Resources

23/07/2026 08:35

** Shares of global miner Anglo American AAL.L up 4.3% at 3,676p
** AAL lowers 2026 copper unit cost forecast to about 145 cents/LB from 172 c/lb; reaffirms its 2026 production outlook
** Lower copper unit cost forecast indicates company expects it will cost less to produce and process copper 
** Says merger with Teck Resources TECKb.TO remains on track with completion expected September 2026-March 2027
** As of last close, stock up 14.4% YTD

 (Reporting by Atharva Singh in Bengaluru)
 ((atharva.singh@thomsonreuters.com))