Anglo American has announced the sale of its nickel business for up to $500 million, as part of its strategy to focus on core assets. The deal, revealed on February 18, 2025, includes mining operations and processing facilities, and is expected to close by mid-2025, pending regulatory approvals.
The nickel business has attracted interest from global mining firms and private equity investors. Anglo American CEO Duncan Wanblad stated, “This divestment allows us to concentrate on our strategic priorities, such as copper and platinum, while delivering value to our shareholders.”
The move comes as the mining industry faces changing demand dynamics, particularly in the EV sector, where nickel is a key component of lithium-ion batteries. Analysts have welcomed the decision, noting that it aligns with Anglo American’s efforts to optimize its portfolio and improve financial flexibility.
