Anglo American warns of mine closure. Anglo American stock gains 3.88 percent

Published on 10/09/2026 at 12:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Brazil nickel EBITDA was USD 18.00 million in the first half of 2026. Anglo American stock costs EUR 48.96 on October 9, 2026 after EUR 47.13.

Key points in brief

Anglo American warned on October 8, 2026 that blocking its USD 500.00 million Brazil nickel sale could lead to mine closures.
Brazil nickel operations generated USD 18.00 million in underlying EBITDA in the first half of 2026, down from USD 43.00 million.
Anglo American stock was trading at EUR 48.96 at Lang & Schwarz on October 9, 2026, up 3.88 percent versus EUR 47.13.
The next scheduled company event is the Q3 2026 production report on October 20, 2026.

Luftaufnahme eines terrassierten Kupfer-Tagebaus mit Fahrzeugen bei goldenem Abendlicht — Anglo American plc GB00B1XZS820 zeigt einen riesigen Kupfer-Tagebau mit Baggern und Lastwagen im Abendlicht, Illustration mit AI erstellt.

Anglo American stock (ISIN GB00BTK05J60) was trading at EUR 48.96 at Lang & Schwarz on October 9, 2026 at 12:38 p.m. CEST, up 3.88 percent versus the prior close of EUR 47.13. On October 8, Anglo American warned that an EU veto of its Brazil nickel sale could force the operation toward closure, according to Miningmx.

Three events shape the stock

On October 2, 2026, China sought copper supply commitments as a condition for approving Anglo American's proposed USD 54.00 billion merger with Teck Resources, Reuters reported. On October 8, the proposed Brazil nickel transaction was valued at up to USD 500.00 million, according to The Deep Dive. Also on October 8, the same source reported that the nickel operation generated USD 18.00 million in underlying EBITDA in the first half of 2026.

What does nickel mean for earnings?

The first-half result shows the direct financial pressure. Underlying EBITDA fell 58.14 percent from USD 43.00 million in the first half of 2025 to USD 18.00 million in the first half of 2026, while nickel production declined 5.70 percent from 19,300 tonnes to 18,200 tonnes, according to The Deep Dive. Higher unit costs and lower sales volumes outweighed stronger realized prices, making regulatory timing financially important even though nickel is being removed from Anglo American's portfolio.

Merger and regulatory dates

The proposed Anglo-Teck combination remains targeted for completion by March 2027, while the European Commission has until November 30, 2026 to decide on the Brazil nickel transaction, according to Reuters and The Deep Dive. Anglo American's next scheduled company event is its Q3 2026 production report on October 20, 2026, according to MarketScreener.

Stock rises as risks stay visible

At the London Stock Exchange, Anglo American's AAL.L shares were last at GBp 4,150 on October 9, 2026 at 11:37 a.m. BST, compared with a 52-week range of GBp 1,951.26 to GBp 4,348. The company had a market capitalization of GBP 44.5 billion as of October 9, 2026. The price response is positive, but the nickel dispute places operational execution and regulatory timing alongside the larger copper merger story.

The further course of trading is shown by the continuously updated real-time quote of Anglo American stock.