Anglo American's Q3 output mixed: copper slightly light, cost guidance cut
J.P. Morgan sees a mixed Anglo American Q3 production update: copper output slightly below forecast, full-year copper cost guidance cut by 4%.
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what happened
Market Talk reports that Anglo American's third-quarter production update gives a mixed picture, according to J.P. Morgan analyst Dominic O'Kane. Quarterly copper output came in slightly below expectations, but the company lowered its full-year copper cost guidance by a further 4%.
The analyst says the lower cost outlook should lead to a small upward revision to the full-year earnings consensus. Shares rose 2.3% to 3,972 pence.
why it matters
Lower copper costs can support the miner's margins, while a slightly weaker output figure limits the benefit. Investors following copper-linked stocks will watch whether the earnings consensus moves higher, as the analyst expects.
market impact
Copper and Anglo American shares: lower cost guidance supports the company's earnings outlook
tags
instruments
sources
- Anglo American's Production Update Is Mixed — Market Talk, 20 October 2026 at 07:32 UTC
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