*SP Angel act as broker to All Star Minerals Anglo American PLC (LSE:AAL) 3,708p, Mkt Cap £49bn – Full-year guidance lowered due to heavy rainfall in Q1 Conclusion: Anglo's Q1 production report underscores a challenging three months for the company as a result of high rainfall and operational challenges. With full-year guidance for many metals lowered, Anglos will be hoping that the commodity price environment remains as strong as it is now going forward to somewhat offset lower production. However, slowing economic activity due to Covid lockdowns in China may well cut demand and prices for iron ore and copper this year.