You’ve probably seen the headlines. Anglo American is a mess, or it’s a masterpiece, depending on which analyst you ask on a Tuesday morning. The share price anglo american has been a rollercoaster that would make a theme park designer sweat.
Mining is a brutal business. Honestly, it’s basically just moving massive piles of dirt and hoping the world still wants what's inside them ten years from now. Right now, Anglo is trying to do something almost impossible: shrink itself to grow.
The $92 Billion Merger Nobody Saw Coming
The big news—the thing actually driving the share price anglo american right now—is the massive "Anglo Teck" situation. After dodging BHP like a professional ghoster last year, Anglo decided to pair up with Canada’s Teck Resources.
It’s a $92 billion deal. Huge.
This move isn't just about getting bigger; it's about copper. If you aren't looking at copper, you aren't looking at the future of mining. J.P. Morgan is currently forecasting copper to hit $12,500 per metric ton by the second quarter of 2026. Why? Because AI data centers and electric grids are hungry for it.
The market loves the "Anglo Teck" idea because it creates the world's second-largest copper producer. But mergers are messy. Integrating two giants while trying to sell off your diamond and coal businesses is like trying to change a tire while the car is doing 80 on the motorway.
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Why the Dividend Cut Stings
Investors aren't exactly throwing a party. Last year, Anglo slashed its interim dividend to a measly $0.07 per share. Compare that to the $0.42 they were shelling out before. That hurts.
Management says it’s a "transition year." That’s corporate speak for we’re spending all our money on restructuring so don't expect a check. - De Beers is the problem child. The diamond market is currently in a slump, with lab-grown stones eating into the luxury market.
- Platinum is gone. They demerged Valterra Platinum (formerly Anglo American Platinum) to simplify the books.
- Coal is on the way out. Selling steelmaking coal assets to Peabody Energy was supposed to be easy, but a mine fire at Moranbah North threw a wrench in the gears.
What’s Actually Moving the Share Price Anglo American?
The current price is hovering around 3,292 GBX on the London Stock Exchange. It's up about 7% over the last two weeks, mostly because people are starting to believe the restructuring might actually work.
Barclays analyst Ian Rossouw recently slapped a "Buy" rating on the stock with a price target of £35.50. He’s betting that the "simplified" Anglo—one that focuses on copper, iron ore, and crop nutrients—will be a cash machine.
But there’s a catch.
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There's always a catch.
Goldman Sachs is a bit more cautious. They think copper might see a slight surplus in 2026, which could cap the upside. If copper prices don't stay above $10,000, the "new" Anglo might look a lot less shiny.
The Iron Ore Safety Net
While everyone talks about copper, iron ore is the quiet worker keeping the lights on. Anglo’s Kumba and Minas-Rio operations are still cranking out high-quality ore. In Q3 2025, iron ore production was down 9% because of a pipeline inspection, but the margins are still healthy—around 44% for their premium products.
It’s the safety net. Without it, the share price anglo american would have tanked long ago.
The 2026 Outlook: Risk vs. Reward
Is it a buy?
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Kinda. It depends on your stomach for risk.
If you believe the energy transition is inevitable, you want exposure to copper. This stock is now over 70% copper-exposed. That’s a massive pivot from the old days of being a "everything" miner.
But you’ve also got to watch the De Beers divestment. If they can’t find a buyer or pull off a successful IPO for the diamond business, that "transition year" could turn into a transition decade. CEO Duncan Wanblad is under massive pressure to deliver.
Actionable Insights for Investors
If you're tracking the share price anglo american, here is how to play the next few months:
- Watch the Copper Spot Price: If the LME copper price breaks $12,000 and stays there, Anglo is likely to outpace its peers.
- Monitor the Teck Integration: Mergers of this scale often hit "integration indigestion." Watch for news on cost-saving targets ($1.8 billion is the goal).
- The Peabody Coal Sale: Keep an eye on the legal back-and-forth over the Australian coal assets. A clean exit here would provide a much-needed cash cushion.
- Technical Levels: Traders are looking at support around 3,142p. If it holds that level during a market dip, it shows institutional support is still there.
The "new" Anglo American is a lean, copper-heavy machine. It’s a bold bet on the world going green and the tech sector continuing its infrastructure binge. It won't be a smooth ride, but for those who can ignore the short-term noise of dividend cuts and mine fires, the long-term setup is one of the most interesting in the FTSE 100 right now.