London, Jan 16, 2026, 09:10 GMT — Regular session.
- Anglo American shares slipped in early London trading
- Mining stocks slip as gold and industrial metals retreat
- Traders watch closely for updates on Teck merger approvals and the upcoming dividend date
Anglo American shares fell 1.5% to 3,270 pence by 0910 GMT, erasing some of the prior session’s gains.
This shift is significant as miners have weighed on Europe’s wider equity rally. Mining stocks were the main drag on the STOXX 600 on Friday, hit by a drop in gold prices that curbed risk appetite.
Anglo faces a tight schedule as EU regulators prepare to rule on its planned merger with Canada’s Teck Resources. Competition clearance is expected by Feb. 10, while a separate probe under the EU’s Foreign Subsidies Regulation, targeting unfair state aid, must conclude by Feb. 3.
Gold slid further on Friday, pressured by stronger-than-expected U.S. data that lifted the dollar and cooled speculation on imminent Federal Reserve rate cuts. Spot gold dipped 0.2% to $4,604.29 an ounce as of 0733 GMT, after hitting an all-time high of $4,642.72 earlier this week. “We’re seeing data come through from the U.S. … there’s not an urgency to cut interest rates,” said Kyle Rodda, an analyst at Capital.com. Reuters
The mood was much the same the day before: more of a pullback than a crash. “The dollar index is sitting at a multi-week peak, which is putting some pressure on gold,” said Peter Grant, vice president and senior metals strategist at Zaner Metals, as traders eyed the Fed’s Jan. 27-28 meeting. Reuters
Base metals dipped following news that Chinese regulators are compelling trading firms to relocate high-speed servers from local exchange data centres. Copper on the Shanghai futures exchange slipped after an earlier gain, according to the report.
Anglo jumped 1.4% on Thursday, hitting a session peak of 3,340 pence before slipping back on Friday.
Regulatory news continues to drive market moves. On Thursday, MLex revealed that Chile’s competition watchdog has launched an investigation into Anglo’s $53 billion merger plan with Teck.
Still, the tape can shift fast. A stronger dollar, stricter Chinese regulations, or harsher merger terms might deepen any slide in metals, putting miners at risk of further losses.
Investors are eyeing Feb. 20, when Anglo plans to announce its provisional final dividend. The payment is scheduled for May 6, pending shareholder approval at the annual meeting on April 29.
