. The company's products include diamonds (De Beers), copper, platinum group metals, iron ore and metallurgical coal, and nickel. Anglo American's iron ore production reached 63.8 million tons in 2021, making it one of the largest producers among non-mainstream mining companies. Iron ore is also the second largest commodity in Anglo American's revenue. At the end of 2024, Anglo American carried out asset restructuring, divested coking coal, precious metals and nickel mining businesses, and began to focus on iron ore and copper mining businesses. In September 2025, it announced a merger with Teck Resources to become "Anglo Teck". The transaction is expected to be completed within 12-18 months, at which time Anglo Teck will become one of the top ten miners in the world.

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan May Edge Down] Iron ore concentrate prices in Tangshan, Hebei, remained relatively stable, with the delivery-to-factory price, tax included, for Fe66% iron ore concentrates on a dry basis ranging from 1,020 to 1,030 yuan/mt. The relatively tight supply of local iron ore concentrates provided some support to domestic ore prices.

According to the SMM survey, as of October 29, the blast furnace operating rate of the 242 steel mills surveyed by SMM stood at 86.21%, down 0.91 percentage points WoW.

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning Expected to Fluctuate at Highs] Iron ore concentrate prices in west Liaoning remain relatively stable, with ex-factory prices for Fe66% iron ore concentrates (wet basis, excluding tax) at 750–760 yuan/mt. Local iron ore concentrate resources remain relatively tight, and mines and beneficiation plants show a strong reluctance to budge on prices, providing some support to local ore prices.

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan Expected to Fluctuate at Highs] This week, a miner in Shandong reported a price of 863 (down 11) for 64-grade alkaline powder on a dry basis, pre-tax, and acceptance-paid basis. Most mines maintained normal production, and steel mills actively purchased under long-term agreements, with no significant changes in blending ratios observed for now. Trading activity was robust. This week, although the fundamental supply strength and weak demand for imported ore constrained prices, positive external expectations remained.

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in Tangshan Expected to Fluctuate at Highs] This week, a miner in Shandong reported a price of 863 (down 11) for 64-grade alkaline powder on a dry basis, pre-tax, and acceptance-paid basis. Most mines maintained normal production, and steel mills actively purchased under long-term agreements, with no significant changes in blending ratios observed for now. Trading activity was robust. This week, although the fundamental supply strength and weak demand for imported ore constrained prices, positive external expectations remained.