Anglo American Holds 2026 Copper Guidance After Q3 Output Falls 5% on Chile Weather

Anglo American maintained its full-year 2026 production guidance after third-quarter copper output fell 5% year on year, weighed down by extreme winter weather in Chile and lower-grade ore processing at its Collahuasi joint venture. The FTSE 100 miner produced 174,900 tonnes of copper in the quarter, down from 183,500 tonnes in the same period a year earlier, while year-to-date output slipped 1% to 518,500 tonnes.

Despite the copper shortfall, Anglo American raised its outlook for diamond production during the quarter, offering a brighter note alongside the operational setback. The company's full-year copper guidance of 700,000 to 760,000 tonnes, reaffirmed earlier in 2026, remains intact.