Anglo American cautions that 2026 copper output may fall short of projections.

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Oct 28 2025

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Source: SeekingAlpha

Lower Copper Production Expectations: Anglo American has indicated that its FY 2026 copper production may be lower than anticipated due to challenges at the Collahuasi mine in Chile, prompting a review of its production guidance.
Q3 Production Update: In its Q3 update, Anglo reported a slight increase in copper output to 183,500 metric tons, but a decline in total production for the first nine months of the year compared to 2024.
Production Challenges and Future Plans: The company expects Collahuasi's production rates to remain stable in 2026 but anticipates a significant rebound in 2027, while exploring options to boost production at other sites in Chile.
Impact of External Factors: Copper prices have surged approximately 25% year-to-date due to various supply disruptions, including incidents at other mining operations, highlighting the tightness in the copper market.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.