Anglo American Share Discussion Threads

[fuji99] 04/5/2023 16:51

With the never ending turbulence in the banking system still going on, there will be a lot of instability and volatility in the markets.

[pander45] 28/4/2023 09:31

As astounding as my last one, which was also correct. And your analysis market master?

[casket1] 28/4/2023 09:29

Your level of analysis for this price prediction is astounding

[pander45] 27/4/2023 08:03

2000 on the cards

[tuftymatt] 26/4/2023 07:17

Yeah the whole sector is getting whacked again right now.

Buy for the longer term and get paid to wait for the recovery from the divi is my plan.

[philanderer] 26/4/2023 00:25

Market Report...

Anglo American saw its production increase by 9 per cent in the first three months of the year compared to the same period in 2022.

The miner attributed the improvement to higher copper production from its new Quellaveco mine in Peru. Shares fell 3.4 per cent, or 86p, to 2426p.

The slump was felt across the sector amid lower metal prices.

Glencore shed 3.6 per cent, or 17.35p, to 469p, Rio Tinto fell 3 per cent, or 156.5p, to 4984.5p and Antofagasta slipped 2.6 per cent, or 39p, to 1478p.

Daily Mail

[1knocker] 25/4/2023 11:53

My last post should have read 24.75, but the top up still looks distinctly premature. With recession on everyone's breath, those who are patient should have opportunities to buy under 23, and perhaps much lower. Keep some powder dry, folks.

[tuftymatt] 25/4/2023 10:38

I agree 1knocker that long term all will be ok here.

Coal will climb in value if we get a cold winter outlook later this year and the mix in metals is encouraging too as you mention.

Yes the ups and downs of miners are not for everyone but the World needs what they pull from the ground and that isn't going to stop anytime soon.

[1knocker] 25/4/2023 10:24

Topped up with a few at 25.75. A limit order I placed a couple of months ago, when it was well below the share price Perhaps should have pulled it and waited for the down trend to reverse.Time will tell. It seems a hell of a long time ago that £35 seemed like a decent entry price!

One just has to be patient with miners. I comfort myself that when I bought RIO at 22 years ago there was hardly a commentator who seemed to think they were worth buying at almost any price - certainly not at £22. It was soooo tempting to take some profits wen they rose into the 30s. Hanging on to them has certainly paid off.

The metals mix here looks good to me, especially for anyone (like me) heavy in oil and gas. If the green revolution does happen, and sufficiently dramatically to hurt O&G, the electrical metals here should do well. I also like the coal in the mix. More coal was mined and burned (8bn tons) last year than any year in history. I don't believe coal is going away any time soon. For me, the most encouraging part in the results was that costs seem to be under control.

[tuftymatt] 25/4/2023 09:16

And still it drops.

I am keeping some powder dry ready to top up here when the dust settles.
I know recession fears are growing but long term this is a good home for some of my ISA portfolio I think.

Good luck all 👍🏻

[maywillow] 25/4/2023 08:15

Anglo American PLC on Tuesday said its first-quarter production rose 9% compared with the same period the previous year driven by copper production at its new mine in Peru as well as improvements in its steelmaking coal and iron ore business operations.

The FTSE 100-listed diversified mining group kept its production and unit cost guidance for 2023 unchanged across all of its business units.

The group said its copper production for the three months ended March 31 rose 28% on year to 178,100 tons on the production ramp-up at its Quellaveco site in Peru, while its Chilean operations fell 15% on planned lower grades at both Los Bronces and Collahuasi.

Anglo American said its steelmaking coal production increased 59% to 3.5 million tons, its iron ore output was up 15% to 15.1 million tons, while manganese ore rose 5% to 840,900 tons and nickel was 4% higher at 9,700 tons.

Diamond production was flat at 8.9 million carats for the quarter, while platinum group metals production fell 6% to 901,000 ounces compared with a year earlier, said the miner.



Write to Elena Vardon at [e-mail]



(END) Dow Jones Newswires

April 25, 2023 02:40 ET (06:40 GMT)

[philanderer] 22/4/2023 00:20

Market report..

Copper miners Anglo American (down 6 per cent, or 161.5p, to 2552.5p) and Antofagasta (down 2.8 per cent, or 44p, to 1530p) suffered as Chile, the world's largest producer of copper, looks to introduce sweeping tax reforms on the big players.

[foxy22] 21/4/2023 17:30

Is this going to be prolonged slump

[philanderer] 21/4/2023 17:00

Copper price and other commods dropping away.

[foxy22] 21/4/2023 16:16

Ouch ....why

[philanderer] 21/4/2023 15:57

Bl^^dy ouch !

[squintyflinty1] 21/4/2023 15:50

Fall way overdone!!!

[fuji99] 21/4/2023 12:50

BHP Quarterly Activities Report did not help as well as some copper downgrades were flagged up. Sector influence added its toll.

[tuftymatt] 21/4/2023 08:28

A mixture of things really VAS.

Some production issues, outlook for the US too I think doesn't help and the general ups and downs in terms of prices too.

China figures this week were on the right side of ok and should improve so I remain positive long term for the likes of AAL, RIO AND GLEN.

Good luck all 👍🏻

[vas007] 21/4/2023 08:15

Tuffty -what's the story with the miners?

[tuftymatt] 18/4/2023 12:44

Yeah positive news today and with China waking up too, lets hope we can get back towards the Feb high soon.

Good luck all 👍🏻

[florenceorbis] 18/4/2023 10:37

Anglo American
2,788.5 +2.84%

[1jedi knight] 18/4/2023 10:35

Big news Los Bronces mine extended till 2036.
This is a Copper mine .