Tech Giants Seek Stakes in Anglo American Copper Mines to Secure Supply

Key Facts

Anglo American CEO Duncan Wanblad stated that there are deep expressions of interest from major technology companies to take equity stakes in the firm's copper operations. According to mining.com, these tech giants are looking to secure direct supplies of the metal, which is a critical component for data centers and AI infrastructure, though no formal deals have been finalized.

The move is driven by a global scarcity of copper, prompting non-traditional industrial players to seek direct involvement in the supply chain. NGLOY closed at $26.7 on October 14, 2026, as strategic interest from the cash-rich technology sector provides a valuation floor for mining assets amid long-term supply concerns.