Streetbeat News

AAUKF

Anglo American plc

http://www.angloamerican.com/

CEO

Mark Cutifani

Industry

Iron Ore Mining

Open

30.03

Mkt cap

38B

Volume

600

High

31.72

P/E Ratio

-23.32

52-wk high

35.70

Low

29.80

Div yield

0.02

52-wk low

21.40

Nickel prices slightly decreased in December 2024. Key developments include a letter to Congress on price support for US critical minerals, potential fast permits for $1B investments in the US, and Indonesia considering cuts in nickel mining. Vale completed the Voisey's Bay Mine Expansion, and Premium Resources reported significant mineralization at Selebi North.

Portfolio Pulse from

December 30, 2024 | 12:30 pm

Chile's environmental regulator has charged Anglo American's local unit with three environmental violations at the El Soldado copper mine in the Valparaiso region.

Portfolio Pulse from

December 09, 2024 | 9:15 pm

Peabody Energy's stock has dropped following a coal deal where the company is paying up to $3.8 billion in cash for Anglo American's assets. This marks the beginning of Anglo American's breakup.

Portfolio Pulse from

November 25, 2024 | 1:00 pm

Anglo American is simplifying its portfolio by focusing on copper, premium iron ore, and crop nutrients, while divesting non-core assets like platinum, diamonds, and steelmaking coal. This transformation presents a unique investment opportunity with potential for significant value creation and stock price appreciation over the next 2-3 years. A potential renewed bid from BHP post-November 29th could drive short-term stock price gains.

Portfolio Pulse from

November 24, 2024 | 8:15 am

BHP has clarified that its chairman's comments about moving on from the failed $49 billion bid for Anglo American were not a formal withdrawal. The UK Takeover Panel confirmed that BHP's remarks do not constitute an official 'no offer' statement, leaving the door open for a future bid. BHP is focusing on expanding its operations in South America and addressing labor issues in Australia.

Portfolio Pulse from Stjepan Kalinic

November 01, 2024 | 12:29 pm

Copper prices rebound due to China's stimulus measures, but potential volatility from upcoming US elections looms. The Global X Copper Miners ETF (COPX) has outperformed the S&P 500 ETF (SPY) this year. JPMorgan warns of potential trade-related risks and downgrades Anglo American. Copper's role in EVs remains strong despite short-term uncertainties.

Portfolio Pulse from Stjepan Kalinic

October 11, 2024 | 4:58 pm

JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

Anglo American plc (OTC:AAUKF) announced a $1.6 billion writedown on its Woodsmith fertilizer project, leading to a $672 million loss for the first half of the year. The company is undergoing a comprehensive restructuring plan, focusing on divesting non-core units and concentrating on copper, iron ore, and crop nutrients. Despite setbacks, CEO Duncan Wanblad remains optimistic about the company's core divisions.

Portfolio Pulse from Stjepan Kalinic

July 25, 2024 | 5:09 pm

Anglo American's efforts to sell its Australian coal assets, including the Grosvenor mine, have been disrupted by a fire at the mine. This incident has caused a $20 per ton increase in coking coal prices and may delay the sale of the assets, potentially lowering the bidding price. The fire impacts global coal supply and could lead to shortages in the coming months.

Portfolio Pulse from Stjepan Kalinic

July 05, 2024 | 2:58 pm

Anglo American (OTC:AAUKF) has halted operations at its Grosvenor steelmaking coal mine in Queensland, Australia, following an underground coal gas ignition incident. The company expects the mine to be non-operational for several months, impacting its production guidance for the year.

Portfolio Pulse from Lekha Gupta

July 01, 2024 | 3:47 pm

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