Tech giants want a piece of mining? Anglo American CEO says yes

📡 Seeking Alpha · 1 min read ·
Anglo American's CEO says technology companies are showing "deep interest" in buying stakes in mining operations, the Financial Times reported. The CEO did not name specific companies. But the statement signals growing attention from the tech sector toward the raw materials that power data centers, batteries, and AI hardware. Mining supplies metals such as copper, lithium, and cobalt. These are essential for building chips, electric vehicles, and renewable energy systems. Tech firms have recently signed deals to secure metal supplies directly from producers. This marks a shift from their traditional role as buyers on the open market. Anglo American has not confirmed any ongoing talks with specific tech partners.