The Latest Breaking News from TECK

The FTSE 100 index closed up 21.09 points, or 0.2%, at 9,242.53.

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

The tie-up is set to be the biggest mining sector merger in over a decade.

British mining group Anglo American and Canadian peer Teck Resources on Tuesday announced plans for a multi-billion-dollar merger, creating a champion of copper production and other critical minerals.

Anglo American (OTC:NGLOY) and Teck Resources (NYSE:TECK) have agreed to combine forces in a $53 billion merger of equals that will create one of the world’s largest critical mineral producers. Anglo Teck, the new company, will have a headquarters in Vancouver and a primary listing in London, with additional listings…

The combined group will be headquartered in Vancouver, in Canada, but will retain it primary listing in London.

The combined group will be headquartered in Vancouver, in Canada, but will retain it primary listing in London.

Two of world’s largest copper producers to combine, retaining London listing but raising prospect of job cuts

Deal will create $53bn mining giant but raises fears of job cuts as headquarters moves to Vancouver

China's ban on certain rare earth mineral exports to the United States bolsters the importance of Teck Resources as an ally in the rare earth supply chain.

As a looming copper shortage threatens to impact the global market, Teck Resources Limited emerges as a key player, poised to capitalize on the growing demand for energy transition metals.