Anglo American Reports Solid Q4, Hits Full-Year Guidance
Copper | 2026-02-09 06:44:52
Copper production totalled 169,500 tonnes during the quarter, though full-year output declined 14% year-on-year.
By Paul Ploumis
SEATTLE (Scrap Monster): Anglo American reported a solid production performance for the fourth quarter ended December 31, 2025, delivering results broadly in line with its full-year guidance.
CEO Duncan Wanblad said the company closed the year with strong operational momentum in Copper and Premium Iron Ore, supported by higher copper grades and robust plant performance at Los Bronces, as well as record throughput at Collahuasi. Premium Iron Ore operations at Kumba and Minas-Rio also continued to perform strongly.
Copper production totalled 169,500 tonnes during the quarter, though full-year output declined 14% year-on-year due to lower grades at Quellaveco and Collahuasi. Premium iron ore production rose 6% to 15.1 million tonnes, driven mainly by higher output from Kumba. Manganese ore production increased sharply by 22% to 908,500 tonnes as operations normalized following cyclone-related disruptions in 2024.
Rough diamond production fell 35% to 3.8 million carats amid planned maintenance shutdowns, while steelmaking coal output declined 15% to 2.1 million tonnes. Nickel production edged up 3% to 10,300 tonnes.
Looking ahead, Anglo American expects stronger copper output from 2027 and confirmed all continuing businesses met their 2025 production guidance.
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Which commodity contributed most to Anglo American’s strong Q4 2025 operational performance?
Frequently Asked Questions
- How did Anglo American perform in Q4 2025?
The company delivered solid Q4 production results broadly in line with its full-year guidance, with strong operational momentum across key assets.
- What drove performance in copper and iron ore?
Higher copper grades and robust plant performance at Los Bronces, record throughput at Collahuasi, and strong output from Kumba and Minas-Rio supported results.
- Which commodities saw production declines?
Rough diamonds and steelmaking coal production declined due to planned maintenance shutdowns, while full-year copper output fell due to lower grades at Quellaveco and Collahuasi.
