Anglo American Copper Profit Surges to $1.3 Billion as Diamond Sales Struggle

Anglo American reported a $1.3 billion gross profit from its copper segment for H1 2026, masking losses in diamonds and coal.

The company's copper division delivered exceptional returns due to significantly higher commodity pricing on the London Metal Exchange, which averaged $4.44 per pound over the reporting period.

CEO Duncan Wanblad emphasized that the stellar performance was primarily driven by elevated copper prices, rather than changes in production volumes.

The merger of Anglo American and Teck Resources is expected to create a global critical minerals champion with pre-tax synergies of approximately $800 million annually.