Anglo American has agreed to sell its nickel business in a deal worth up to $500 million, the company announced on February 18, 2025. The divestment is part of Anglo American’s strategy to streamline its portfolio and focus on core commodities such as copper and platinum.
The nickel business, which includes mining operations and processing facilities, has drawn interest from global mining firms and private equity investors. The transaction is expected to close by mid-2025, subject to regulatory approvals.
Anglo American CEO Duncan Wanblad commented, “This sale allows us to concentrate on our strategic priorities and deliver value to our shareholders.” The move comes amid shifting demand dynamics in the mining industry, particularly in the EV sector, where nickel is a critical material for lithium-ion batteries.
Analysts have praised the decision, noting that it aligns with Anglo American’s efforts to optimize its asset portfolio and enhance financial flexibility.
