BASE METALS

Anglo American Q3 results 'better than expected'

Analysts have praised Anglo American for a positive set of Q3 numbers, driven by a rapid ramp up in iron ore production at Minas-Rio along with solid metallurgical coal output – but unprecedented drought conditions in Chile hit copper production.

Anglo American's Minas Rio iron ore operation was singled out for praise by market observers on the back of strong production

Anglo American's Minas Rio iron ore operation was singled out for praise by market observers on the back of strong production

"Anglo American has reported Q3/19 production and sales that were better than expected overall," said BMO analyst Edward Sterck. "Guidance is mostly unchanged, except for an upgrade to the outlook for...

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