Anglo American PLC

Anglo American Plc is a mining company, which engages in the exploration and mining of precious base metals and ferrous metals. The company operates through the following segments: De Beers, Copper, Platinum Group Metals, Iron Ore, Coal, Nickel and Manganese, and Corporate and Other. The company was founded by Ernest Oppenheimer in 1917 and is headquartered in London, the United Kingdom.

Anglo American's Q4 2023 production was aligned with recent guidance. This provides future stability. The company's risk/reward is attractive due to underperformance, potential upside in copper prices, and the Woodsmith polyhalite project. Anglo American offers downside protection on CAPEX flexibility, expected savings, and a generous payout.

Anglo American: Too Cheap To Ignore

With natural diamond prices holding their ground against lab-grown alternatives, De Beers is optimistic about a market recovery in 2024 following the shocker that was 2023. “We see 2024 as a year of recovery,” De Beers' chief executive Al Cook told Bloomberg TV.

De Beers sees natural diamond recovery in 2024 as lab-grown prices crumble

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Nickel spot prices were flat for the last month. Nickel market news - Macquarie forecasts surpluses for the nickel market all the way out to 2027. Fastmarkets - Surge in nickel production capacity to lead to structural oversupply. Nickel company news - BHP warns on the impact of low nickel prices. IGO decides to put Cosmos Nickel Project into care and maintenance.

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NGLOY, FMC and AG have been added to the Zacks Rank #5 (Strong Sell) List on January 22, 2023.

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De Beers recently pared back how much it charges for its diamonds, according to a Monday report from Bloomberg. The company reportedly implemented them at its first 2024 sale.

South African-British corporation cuts prices of its diamonds this month

The world's biggest diamond producer reportedly slashed prices at its first sale of the year, in a bid to stimulate a flagging market.

DeBeers cuts diamond prices by 10% to shore up weak sales: report

Nickel spot prices were flat for the last month. Low nickel prices leads to BHP issuing dire warning on nickel mines. 2024 nickel supply is set to outpace growth, which will suppress prices and exert pressure on producers' margins. In nickel company news - Panoramic Resources collapses into Voluntary Administration. Premium Nickel Resources drills 10.45 metres of 1.45% NiEq.

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De Beers on Wednesday said it expects to sell two-thirds fewer diamonds in the final sales cycles of 2023 than in the same period last year, as company CEO Al Cook said the gemstone seller's push to limit supply is now showing signs it's working to reduce the market glut.

De Beers says its push to tackle the glut in the diamond market is now starting to work

Anglo American has welcomed a decision by the High Court of South Africa to dismiss a claim against it for lead pollution in Zambia. Law firms Leigh Day and Mbuyisa Moleele brought the action against the mining giant on behalf of residents of the Zambian town of Kabwe.

Anglo American welcomes dismissal of Kabwe legal action

South Africa's High Court has ruled that a class action lawsuit against miner Anglo American brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday.

South African court denies class action against Anglo American

(Kitco News) - Vale Base Metals plans to produce 900,000 tonnes of copper and 300,000 tonnes of nickel a year. The only question is when, said Mark Cutifani, chair of the new company, spun out earlier this year from its Brazilian parent and iron ore giant Vale Group (NYSE:VALE).

'Other industries are so far ahead of us' - ex-CEO of Anglo American on mining's big problem

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ADNT, ATSG and NGLOY have been added to the Zacks Rank #5 (Strong Sell) List on December 12, 2023.

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Anglo American (NGLOY) expects to reduce costs by $1 billion in 2024.

Anglo American (NGLOY) Expects Production Dip to Cut Costs

(Kitco News) - Anglo American (LSE: AAL), one of the world's largest mining companies, said today that on a copper equivalent basis, its 2023 production is expected to increase by c.3% due to Quellaveco copper ramp-up and “solid” iron ore production, with unit costs up c.5%.

Anglo American eyes lower copper equivalent output in 2024-2025, prioritizing operational and cost discipline

Anglo American PLC (LSE:AAL) shares tumbled 14% after new details on its planned production, spending and costs for the next three years suggested potentially less generous returns for investors. Expected capital expenditure will be cut by US$1.8 billion (£1.44bn) out to 2025 as part of the shift in its investment approach to concentrate on what boss Duncan Wanblad called "improving our resilience", with lowering unit costs also in focus.

Anglo American slapped down 14% after revealing more disciplined outlook

Anglo American PLC (LSE:AAL) has unveiled its new medium-term targets, focused on bolstering its resilience in the face of current cyclical weakness in platinum group metals and diamonds, but with attractive prospects for energy transition metals. The FTSE 100 mining group anticipates a reduction in production over the next two years, with a focus on reducing unit costs and capital expenditure, a tactical shift aimed at navigating market volatility and improving operational efficiency.

Anglo American to cut production and costs to 'improve resilience'

(Kitco News) - On Wednesday, global mining group Anglo American (LSE: AAL) announced that the provisional value of rough diamond sales for De Beers' ninth sales cycle of 2023 amounted to $80M, lower than the ninth sales cycle of 2022 ($454M) and lower than the previous cycle ($200M).

De Beers reduces rough diamond availability, sales plunge in ninth cycle of 2023

(Kitco News) - Anglo American (LSE: AAL), one of the world's largest mining companies, reported today that its Q3 2023 copper production increased by 42% y-o-y to 209 kt, reflecting the progressive increase in production from Quellaveco in Peru.

Anglo American's copper production skyrockets 42% in Q3, driven by Quellaveco ramp-up

There could be some market-moving updates for industrial metals at the upcoming large-cap mining reporting season, with Anglo American PLC (LSE:AAL) selected by JPMorgan as its 'top tip'. The season for the European miners kicks off with operational results for Rio Tinto PLC (LSE:RIO) on 17 October and fellow Anglo-Aussie giant BHP Group Ltd (LSE:BHP, ASX:BHP) and Antofagasta PLC (LSE:ANTO) the day after, with Anglo American PLC and Fresnillo PLC (LSE:FRES) the week after, and Glencore PLC (LSE:GLEN) wrapping things up on the final Monday of the month.

Anglo American tipped heading into mining reporting season, China stabilising

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Anglo American (NGLOY) Stock?

(Kitco News) - On Thursday, global mining group Anglo American (LSE: AAL) announced that the provisional value of rough diamond sales for De Beers' eighth sales cycle of 2023 amounted to $200M, lower than the eighth sales cycle of 2022 ($508M) and lower than the previous cycle ($370M).

De Beers reduces rough diamond availability, sales plunge in eighth cycle of 2023

Three and a half years after Anglo American PLC (LSE:AAL) took over Sirius Minerals' Woodsmith polyhalite mine, Barclays said it is "more convinced" than ever about the market opportunity and potential benefit that the POLY4 fertiliser can deliver. Analysts at the bank said they see "significant upside value potential" from the miner in coming years, with the agriculture and agronomy industry on the cusp of major change as demand for food rises but usable land falls and chemical fertilisers are questioned.

Anglo American's Woodsmith mine still offers significant upside potential , says Barclays

After losing some value lately, a hammer chart pattern has been formed for Anglo American (NGLOY), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Bears are Losing Control Over Anglo American (NGLOY), Here's Why It's a 'Buy' Now

De Beers on Thursday said it has slashed diamond sales in a bid to tackle a glut of gemstones in the market as the firm also vowed to spend an extra $20 million on advertising in a push to build demand ahead of the Christmas holiday season.

De Beers slashes diamond sales to tackle gemstone market glut

De Beers, the diamond company owned by Anglo American PLC (LSE:AAL), revealed revenues dropped to US$200 million from US$508 million the year prior in its most recent sales cycle, a trading update on Tuesday explained. Measuring the sales between September 18 and October 3, the drop in the value of sales also slowed cycle-on-cycle, with revenues in the period from August 14 to August 29 coming in at US$370 million.

News for Anglo American PLC Stock (NGLOY)