Anglo American, one of the world’s leading mining companies, has announced plans to sell its nickel business for up to $500 million. The decision, revealed on February 18, 2025, is part of the company’s broader strategy to streamline its portfolio and focus on core assets.

The nickel business, which includes mining operations and processing facilities, has attracted interest from several global mining firms and private equity investors. The sale is expected to be finalized by mid-2025, pending regulatory approvals.

Anglo American CEO Duncan Wanblad stated, “This divestment allows us to concentrate on our core commodities, such as copper and platinum, while unlocking value for our shareholders.” The move comes as the mining industry faces shifting demand dynamics, particularly in the electric vehicle (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 strategy to optimize its asset portfolio and improve financial flexibility.