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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
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Share Price: 2,377.50
Bid: 2,376.50
Ask: 2,378.00
Change: -11.50 (-0.48%)
Spread: 1.50 (0.063%)
Open: 2,394.00
High: 2,394.50
Low: 2,372.00
Prev. Close: 2,389.00
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Peru copper production growth near 13% in February

Tue, 16th Apr 2024 17:14

LIMA, April 16 (Reuters) - Peru's copper production grew 12.7% in February to reach 216,752 metric tons, the country's energy and mining ministry said on Tuesday.

Peru is one of the world's top producers of copper, and mining is a key driver of the Andean country's economy.

The announcement comes a day after the government reported that the economy

expanded 2.85% in February

, led by just over 17% growth in metals mining, which includes copper.

Copper's February performance was due in part to a 219.4% production boost from Glencore's Antapaccay mine.

Anglo American's Quellaveco mine saw production up 40.7%, with Southern Copper production up 23.1%, the ministry said in a report.

In the year's first two months, Peru produced a total volume of 422,127 tons, 5.4% more compared to the same period last year.

In 2023, Peru was displaced by the Democratic Republic of the Congo as the world's second largest copper producer, although it remains ahead of the African country in terms of the volume of its exports, according to data from both nations.

Mining Minister Romulo Mucho said last month he expects copper production to reach 3.0 million tons in 2024, up from 2.76 million tons last year. (Reporting by Marco Aquino; Writing by Brendan O'Boyle; Editing by Chizu Nomiyama)

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15 Apr 2024 07:00

Chile's Antofagasta CEO foresees higher 2024 copper prices, plans growth at home

SANTIAGO, April 15 (Reuters) - Growing demand for copper along with supply constrictions could push prices higher than last year in 2024, the head of Chilean miner Antofagasta said.

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

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12 Apr 2024 12:00

Bulls jump deeper into copper amid supply challenges, AI-fueled demand

SANTIAGO, April 12 (Reuters) - Copper's bull run should continue for at least the next three years, fueled by global supply challenges and hot demand for the metal to power energy transition and artificial intelligence technologies, industry analysts say.

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12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

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11 Apr 2024 22:09

Chile's copper output up 9.8% in February, Codelco production dips -Cochilco

SANTIAGO, April 11 (Reuters) - Copper production in Chile rose 9.8% on an annual basis to 417,000 metric tons in February even as state-run Codelco's output dipped, the country's copper commission Cochilco said on Thursday.

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10 Apr 2024 13:52

Anglo American Platinum says it has received no offers for S.African assets

JOHANNESBURG, April 10 (Reuters) - Anglo American Platinum (Amplats) has not received offers for any of its South African assets, the mining company's chief executive said on Wednesday, following speculation over the possible sale of its higher-cost operations.

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10 Apr 2024 11:54

Amplats says it has received no credible offers for South African assets

JOHANNESBURG, April 10 (Reuters) - Anglo American Platinum (Amplats) has not received any credible offers for any of its South African assets, the mining company's CEO told Reuters after speculation over the possible sale of its higher-cost operations.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

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8 Apr 2024 17:15

UK stocks close higher on commodities lift

FTSE 100 up 0.4%, FTSE 250 adds 0.7%

*

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8 Apr 2024 17:03

LONDON MARKET CLOSE: Miners and airlines in demand as FTSE 100 climbs

(Alliance News) - Investors bought in London on Monday, as the FTSE 100 rose with gold hitting a new high before fading, airlines and miners were in demand, while Entain prospered on bid speculation.

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8 Apr 2024 16:52

London close: Stocks rise at start of busy week

(Sharecast News) - London markets closed with gains on Monday as investors exercised caution ahead of key events later in the week.

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5 Apr 2024 14:03

IN BRIEF: Anglo American unit issues bonds worth USD1.50 billion

Anglo American PLC - London-based mining company - Says its subsidiary, Anglo American Capital PLC, issues USD1.00 billion 5.750% senior notes due 2034 and the USD500.0 million 6.000% senior notes due 2054. Says the UK Financial Conduct Authority has approved issuance.

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