Anglo American Q2 2025 Production: Copper and Iron Ore Excel

Anglo American's second quarter production report for 2025 highlights significant operational achievements across its core portfolio, particularly in copper and iron ore assets. The company continues executing its strategic portfolio simplification while maintaining strong performance in key commodities despite challenging market conditions.

What Does Anglo American's Q2 2025 Production Report Reveal?

Anglo American's Q2 2025 performance demonstrates resilience and operational excellence across its streamlined portfolio, particularly in its highest-margin businesses.

Key Performance Highlights

The company reported exceptional results from its copper operations, with both Quellaveco and Los Bronces delivering consistently strong output levels. Quellaveco maintained its position as one of the company's flagship assets, producing approximately 82,500 tonnes of copper in Q2, representing a 4.7% increase from the previous quarter.

Los Bronces similarly exceeded expectations with copper production reaching 75,300 tonnes, demonstrating the effectiveness of Anglo American's operational excellence initiatives at the Chilean site. Meanwhile, the Collahuasi copper mine showed marked improvement from Q1 2025, with production volumes increasing by approximately 7.3% quarter-on-quarter.

“Our focus on operational discipline is clearly visible in the performance of our copper assets,” noted CEO Duncan Wanblad. “Strong performance at both Quellaveco and Los Bronces, while Collahuasi improved from its first quarter.”

Iron ore operations have been another standout performer in Anglo American's portfolio. The Brazilian Minas-Rio operation delivered 6.2 million tonnes during the quarter, maintaining its high-quality product specifications with iron content exceeding 67%. Meanwhile, Kumba operations in South Africa produced 9.4 million tonnes, tracking in line with annual guidance.

All major copper and iron ore operations are maintaining trajectories that align with the company's annual production guidance for 2025.

Portfolio Transformation Progress

A critical milestone in Anglo American's strategic evolution was the successful completion of the Valterra Platinum demerger at the end of May 2025. This transaction has unlocked significant shareholder value, with Valterra shares trading approximately 12% higher since the demerger's completion.

The company continues advancing its planned nickel and steelmaking coal transactions as part of its comprehensive portfolio simplification strategy. Meanwhile, the formal sales process for De Beers is progressing despite challenging conditions in the global diamond market, where prices for rough diamonds have declined approximately 8% year-to-date according to industry analysts.

Diamond market challenges impacting De Beers sale include:

Persistent oversupply of rough diamonds

Weakened consumer demand in key markets

Increased competition from lab-grown alternatives

Global economic uncertainty affecting luxury purchases