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Anglo American Plunges as It Slashes Production to Cut Costs

(Bloomberg) Anglo American Plc suffered its biggest daily drop since the global financial crisis, after unveiling plans to drastically cut production in a bid to reduce costs amid logistical and operational snarls.Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UseThe Record Rush to Buy a Rolex or a Patek Philippe Is OverCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesAmericans Rush to Portugal Ahead of Changes to Expat Tax BreaksHunter Biden Indict ....

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FTSE 100 Closes Friday Up on Seven-Week High After Oil Rebound, Broker Upgrades

The FTSE 100 closed Friday up 0.57%, reaching its highest level since Oct. 19. The index was boosted by a rebound in oil prices from five-month lows, lifting the like of BP and Shell, while its. ....

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FTSE 100 Closes Friday Up on Seven-Week High After Oil Rebound, Broker Upgrades

FTSE 100 Closes Friday Up on Seven-Week High After Oil Rebound, Broker Upgrades
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Why Rio's betting $10b on the iron ore mine that 'shouldn't be built'

Critics say Rio Tinto’s Simandou iron ore mine will add to a supply glut and push down prices. But CEO Jakob Stausholm is building a case for growth. ....

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How Rio Tinto is poised to benefit from the EV boom

About half of America’s copper supply is imported and that could jump to two-thirds by 2035, according to S&P Global. ....

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