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On October 15, according to the Financial Times, Anglo American CEO Duncan Wanblad revealed that the London-listed mining group is in discussions with several tech companies, which aim to secure metal supplies by acquiring stakes in the mining firm. Duncan Wanblad confirmed that relevant discussions are underway, noting that tech companies are focused on whether they can secure long-term procurement agreements or ensure future supply shares through equity investments. Tech companies require substantial amounts of copper, aluminum, steel, and rare earth metals for product manufacturing and the construction of data centers that support AI operations. Mining executives stated that as global resource competition intensifies, tech companies are placing greater emphasis on the origin of metals to ensure supply chain stability.
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