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Benzinga

Business

Dylan Berman

What's Going On With Teck Shares Tuesday?

TECK Anglo American Anglo Teck

Stock chartbenzingaai2023_stock_market_charts_on_multiple_computer_scree_03ada781-be05-460b-a6af-38988bc7658b_1

Teck Resources Ltd (NYSE:TECK) shares are trading higher Tuesday after the company announced a merger of equals with Anglo American.

What To Know: Teck and Anglo American will combine to form Anglo Teck, a global critical minerals company and one of the world's top five copper producers. The merged group will be headquartered in Canada and is expected to provide investors with more than 70% copper exposure.

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