Teck Resources beats quarterly profit on higher copper prices, output

From bnnbloomberg.ca

Teck Resources beat fourth-quarter profit expectations on Thursday, helped by a surge in copper prices and production, as the Canadian miner advanced its proposed merger with Anglo American. The beat underscores Teck’s growing leverage to copper, a metal central to electrification and energy transition demand, while the company works to complete a merger that would create one of the world’s largest copper producers. Teck and Anglo shareholders voted in favor of the merger in December, paving the way for the creation of a copper heavyweight and leaving regulatory approvals as the final hurdle. Teck and Anglo first ... (full story)