The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,637.00
Bid: 2,636.50
Ask: 2,638.00
Change: 17.50 (0.67%)
Spread: 1.50 (0.057%)
Open: 2,648.00
High: 2,649.50
Low: 2,624.50
Prev. Close: 2,619.50
AAL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Russia's Udokan Copper assesses damage after fire

Fri, 05th Jan 2024 12:13

LONDON, Jan 5 (Reuters) - A fire at the operations of Russian miner Udokan Copper on Dec. 30 damaged part of the plant in Russia's far east but left copper concentrate production unaffected, the company told Reuters, adding that it was still assessing the damage.

Udokan Copper declined to comment on whether the damage would delay the start of copper cathode production at the plant.

A delay to copper cathode production would add to the growing list of supply disruptions in the copper industry including at First Quantum's Cobre mine in Panama and Anglo American lowering its production guidance.

Udokan planned to launch the first stage of the plant in the second quarter of 2024 and produce up to 135,000 tons of copper in the form of cathode or metal in concentrate a year, according to its Dec. 20 statement. From 2026, the annual capacity was expected to rise to 150,000 tons.

Russian metals producers have been hit by a wave of fires in recent months including at an aluminium smelter and a zinc mine.

Russia's war with Ukraine and sanctions imposed on Moscow by the United States have complicated the process of importing mining and processing equipment to replace damaged machinery.

Udokan, which has been also hit by Washington's sanctions, was Russia's largest undeveloped copper deposit until it started copper concentrate production in September.

The sanctions effectively banned Udokan Copper from U.S. dollar transactions and curbed marketing of its copper to potential Western customers, cementing its dependence on proximity to top metals consumer China. (Reporting by Julian Luk and Polina Devitt; editing by Tomasz Janowski and Louise Heavens)

More News
Today 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
Today 07:44

LONDON BRIEFING: Stocks set to see gains ahead of US inflation data

(Alliance News) - Stocks in London are called higher, as investors shrug off nerves ahead of a key US inflation reading.

Read more
14 May 2024 17:37

Anglo American eyes break-up as it fends off BHP offer

Anglo expects new structure to lower costs by $1.7 bln

*

Read more
14 May 2024 17:20

London stocks edge higher after mixed jobs report

FTSE 100 up 0.2%; FTSE 250 adds 0.3%

*

Read more
14 May 2024 16:40

London close: Stocks manage gains as unemployment rises

(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.

Read more
14 May 2024 16:21

BHP boss appeals to Anglo investors after bid rejections

JOHANNESBURG/ LONDON, May 14 (Reuters) - BHP Chief Executive Mike Henry said that Anglo American investors need to consider the merits of his company's bid for its smaller London-listed rival, seeking to drum up support for a proposal that has been rejected twice.

Read more
14 May 2024 14:54

South African rand slips as Q1 unemployment rate climbs

JOHANNESBURG, May 14 (Reuters) - South Africa's rand weakened on Tuesday after local data showed the country's unemployment rate rose in the first quarter and local mining output fell in March.

Read more
14 May 2024 14:51

BHP boss urges Anglo American investors to consider takeover benefits

LONDON, May 14 (Reuters) - BHP Chief Executive Mike Henry said that Anglo American investors need to consider the merits of his company's bid for its smaller London-listed rival, seeking to drum up support for a proposal that has been rejected twice.

Read more
14 May 2024 12:55

World shares rest near record highs ahead of US inflation data

SINGAPORE/LONDON, May 14 (Reuters) - World shares marked time on Tuesday, holding just shy of record highs ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying programme.

Read more
14 May 2024 12:07

LONDON MARKET MIDDAY: Stocks flat; BoE's Pill says summer cut possible

(Alliance News) - Stocks in London made muted progress on Tuesday, ahead of key US data, as a leading Bank of England economist suggested talk of a summer rate cut was not "unreasonable."

Read more
14 May 2024 11:53

Anglo CEO says BHP bid forced his hand on demerger of South African assets

JOHANNESBURG, May 14 (Reuters) - The boss of Anglo American said on Tuesday a bid by rival BHP to take over the company forced him to accelerate plans for a spin-off of its South African platinum assets, which come on the cusp of a national election.

Read more
14 May 2024 10:53

South Africa's mines minister: I have no problem with Anglo's platinum demerger plan

JOHANNESBURG, May 14 (Reuters) - South Africa's mines minister Gwede Mantashe said on Tuesday that he had no problem with an Anglo American proposal to demerge its platinum business in South Africa.

Read more
14 May 2024 10:14

World shares little changed ahead of US inflation data

SINGAPORE, May 14 (Reuters) - World shares marked time on Tuesday and were still just shy of record highs ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying programme.

Read more
14 May 2024 09:55

Anglo CEO says BHP bid forced his hand on demerger of S.Africa assets

JOHANNESBURG, May 14 (Reuters) - The boss of Anglo American said on Tuesday a bid by rival BHP to take over the company forced him to accelerate plans for a spin-off of its South Africa's platinum assets, a move set to cause concerns in Pretoria weeks before a national election.

Read more
14 May 2024 09:52

LONDON MARKET OPEN: Stocks steady after soft jobs data; Vodafone stars

(Alliance News) - Stocks in London on Tuesday edged higher in early trading as soft jobs data boosted hopes of an interest rate cut in June.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.