Anglo American-Teck Resources Tie-Up Faces Some Challenges -- Market Talk

Dow Jones12-15

0848 GMT - Anglo American and Teck Resources will find it hard to deliver on their copper growth promises, Baader analyst Varun Sikka writes. The tie-up is one step closer to happening after shareholders voted in support of the deal, but the upside for Anglo American from here is limited, he writes. There remains some uncertainty over both companies, he says. Teck is currently restructuring its marquee copper assets, meanwhile Anglo has problems disposing of its Australian steelmaking coal unit and still needs to take a decision on its diamond business De Beers, he adds. Anglo American's shares trade up 1% at 2,845 pence.(adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

December 15, 2025 03:49 ET (08:49 GMT)

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