China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
Gold Prices Pull Back After Record Highs as January Rally Remains Strong 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
Anglo American's Q3 Production Results
Global mining leader Anglo American reported significant declines in its third-quarter production of copper and diamonds, yet it has maintained its production guidance for 2024.
Production Declines
In the quarter from June to September, Anglo American's copper production dropped 13%, while rough diamond output saw a substantial decline of 25%. The decrease in diamond production was attributed to ongoing lower demand, leading the company's De Beers unit to consider further production cuts.
For the first nine months of 2024, copper output totaled 575,000 tons, reflecting a 4% decrease, while diamond production reached 18.9 million carats, down 21% compared to the previous year.
Future Production Guidance
Despite these declines, Anglo American remains optimistic, projecting copper production between 730,000 and 790,000 tons and rough diamond output between 23 million and 26 million carats for the year. The company is continuously evaluating the need for additional production cuts moving forward.
Strategic Restructuring
Anglo American is undergoing a restructuring process, aiming to pivot primarily toward energy transition metals, particularly copper. This shift follows a failed $49 billion takeover bid from its rival BHP Group in May, reinforcing its commitment to its new strategic focus.
