Last updated: 2025-12-10 07:58:12 ET
The deal creates a major global copper heavyweight.
Company said the acquisition marks "a major moment" in its evolution from a gold developer to Latin American diversified producer.
Futures on the London Metal Exchange climbed as much as 1.3% to $11,771 a ton.
Investors vote Dec. 9 on Anglo’s $53B Teck merger, a deal that could reshape copper output if regulators clear it.
A lack of copper mining in Argentina has nothing to do with geology and all to do with politics.
Futures on the London Metal Exchange rose as much as 2.2% to $11,705 a ton.
Anglo Asian last month made its first sale to Trafigura -- totalling 2,055 wet tonnes of copper concentrate containing 351 tonnes of metal.
The “critically low” inventories outside America could be avoided, the bank said.
The milestone comes three months after Gunnison produced its first copper cathode at JCM.
Hudbay will become a new investor in the company.
