How to buy Anglo American (AAL) shares

By   |   Verified by Andrew Boyd   |   Updated 31st August 2022

  • Would you like to buy Anglo American shares for exposure to the mining and natural resource sector?
  • Learn about choosing a broker and the different types of orders.
  • Understand how market conditions and other factors impact the value of their shares.

Anglo American (LON: AAL) is a mining company with global operations. The company produces 40% of the world’s platinum, which is an essential metal in electronics, medical equipment, and more. Other resources they extract include thermal coal used to make steel, diamonds, and several of the metals used in batteries.

Read on for more about how to buy Anglo American shares.

Unsure about what share dealer to use?

Where to buy Anglo American shares

eToro

On eToro's website

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eToro

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Fineco

On Fineco's website

Fineco

Highlights

  • Open an account and get £500 in trading commissions to use within 3 months.
  • Access 26 global markets and trade 20,000+ financial instruments worldwide.
  • Low fees and spreads, 0 commission and no markup on FTSE100, US and EU Shares CFDs, and no additional charges on stock prices, market spread only.
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Hargreaves Lansdown

On Hargreaves Lansdown's website

Hargreaves Lansdown

Highlights

  • Offers easy-to-use trading platforms.
  • Invest across 20 international exchanges in shares, funds, bonds and investment trusts.
  • Dealing charges depend on how many trades you make each month.

Compare trading platforms on Finty. Research fees, commissions, tradable assets, markets, etc.

First time buying?

How to buy Anglo American shares

Step 1: Choose a broker

Anglo American is listed on the London Stock Exchange, which your broker must have access to if you are to buy shares in the company.

When comparing options, check what commission and foreign exchange fee the broker charges as well as features like market access, tradable instruments, whether they have fractional share investment, etc.

You can compare brokers side-by-side here on Finty.

Step 2: Transfer funds to your account

You can add funds with a bank transfer or debit card. Although less common, some brokers will also accept credit cards and PayPal.

The length of time it takes for funds to clear depends on the method used. Note that your broker may require a minimum deposit amount, but it’s usually so small to be inconsequential.

Step 3: Decide the amount you'll invest

Share prices can go up and down, so you should only ever invest what you can afford to lose.

Avoid the fear of missing out. You can buy shares in the future when you have the funds to do so.

Step 4: Choose between shares or an ETF

Instead of buying shares of the company, you can put your money into an ETF with exposure to Anglo American. Since ETFs are diversified across multiple companies, they typically experience lower price volatility.

ETFs that include shares of Anglo American include iShares Core MSCI EAFE ETF (IEFA) and Vanguard FTSE All-World ex-US Index Fund ETF Shares (VEU). Mining themed ETFs with Anglo American include FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) and iShares MSCI Global Metals & Mining Producers ETF (PICK).

Step 5: Configure an order

Depending on the broker you use, you can configure many different kinds of order.

A market order is the most straightforward, requiring virtually no setup. Once executed, you’ll get shares at the next market price.

If you have a strategy, then you’ll probably want more options in terms of configuration. Some brokers have highly customisable orders that can be triggered by events, meaning you can buy or sell when Anglo American hits a price target.

Step 6: Place your order

When you’re happy, submit your order to be executed.

After you buy

What moves Anglo American's share price

It is important to keep track of how well your Anglo American shares are performing so you can make an informed decision about whether you should hold or sell them.

Follow news stories that mention Anglo American, the mining industry, and demand for natural resources.

You can also monitor what their main competitors are doing. Track how Rio Tinto (ASX: RIO) and the BHP Group (BHP) are performing as well as the likes of Impala Platinum (JSE: IMP), Sibanye-Stillwater (JSE: SSW), and Northam Platinum (JSE: NPH).

Disclaimer: We put our customer’s needs first. The views expressed in this article are those of the writer’s alone and do not constitute financial advice. Advertisers cannot influence editorial content. However, Finty and/or the writer may have a financial interest in the companies mentioned. Finty is committed to providing factual, honest, and accurate information that is compliant with governing laws and regulations. Do your own due diligence and seek professional advice before deciding to invest in one of the products mentioned. For more information, see Finty’s editorial guidelines and terms and conditions.