Anglo American share price slides as metals rout bites FTSE miners — what to watch next
Anglo American shares fell about 3.5% to 3,288 pence in early London trading Monday, tracking a sharp selloff in metals after Kevin Warsh was named to lead the Federal Reserve. Spot gold dropped 5%, silver over 7%, and copper 3% as a stronger dollar and higher futures margins triggered forced selling. Mining stocks weighed on the FTSE 100, which slipped 0.4% by 0820 GMT. Investors await Anglo’s production report on Feb 5.