Mining company AngloAmerican has revised its plans for 2026. The new forecast for copper production has been reduced by 8%, and for diamonds – by as much as 15%. This could affect the global resource market.
According to new AngloAmerican estimates, copper production in 2026 will range from 700 to 760 thousand tons. The main reason for the decline is the expected drop in copper content in ore at deposits in Chile. The forecast for 2027 has also been reduced slightly.
The situation with copper is fueling concerns about a growing shortage of this metal on the world market. This could be a factor that will support prices in 2026.
The forecast reduction became even more significant for diamond mining. For 2026, it has been reduced by 15%, to 21–26 million carats. Experts suggest that the global supply of gem-quality diamonds in 2026 could fall by 10% compared to 2024. This reduction is due, among other things, to AngloAmerican’s plans to sell De Beers. This uncertainty creates additional risks for the supply of diamonds to the world market.
AngloAmerican’s cut in production forecasts adds to tensions. This could lead to further price increases and shortages of these resources in the coming years.
Source: @Metals_Mining
