Copper Takes Center Stage as Anglo American Considers De Beers Sale

Monday, 27 May 2024, 21:00

In a significant shift, Anglo American, traditionally known for its diamond business, is considering selling its iconic De Beers brand. The move reflects changing market dynamics and strategic repositioning within the company. As copper gains prominence, the legacy of diamonds at Anglo American faces a potential transformation.
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Copper Takes Center Stage as Anglo American Considers De Beers Sale

Copper's Emergence

Anglo American, a stalwart in the diamond industry, is contemplating selling its renowned De Beers brand, emblematic of the company's history. The shift showcases a strategic pivot towards copper, a metal gaining prominence in the global market.

Legacy of Diamonds

For nearly a century, diamonds have served as the cornerstone of Anglo American's identity, rooted in the legacy of Ernest Oppenheimer. The proposed sale of De Beers marks a significant departure from the company's traditional focus.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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