Anglo American's Q4 2022 Results: Copper Output Down 10%, Diamond Business Warns of Further Losses

Anglo American reported a 10% drop in copper production to 695,000 metric tons in 2022. The miner also cut its guidance for 2026 and warned of further losses at De Beers due to diamond prices languishing. Anglo American has shifted its focus to copper and iron ore production while looking to sell its diamond business and other assets as it completes its $53 billion merger with Teck Resources.