Anglo American CEO says tech giants seek stakes to secure metals supply

Anglo American: Anglo American is a London-headquartered global mining company focused on the extraction and production of metals including copper, iron ore, and platinum group metals. Its CEO Duncan Wanblad recently spoke at the FT Mining Summit about technology companies entering direct discussions with miners to secure critical metal supplies. These talks have included interest in equity stakes as a means to address supply scarcity for sectors like data centers and AI. Geopolitical Context: Anglo American's proposed merger with Teck Resources continues to face scrutiny from Chinese regulators over copper supply commitments amid broader efforts to secure critical minerals. Industry Discussions: Technology companies are actively holding conversations with mining firms about direct supply arrangements and potential investments to secure metals such as copper for data center and AI infrastructure needs.