The recently announced merger between Canada's Teck Resources Ltd (USA) (TSX:TCK) and London-listed Anglo American PLC (LSE:AAL) has sharpened investor interest in South America's copper sector, amid heightened expectations for long-term supply growth and cost competitiveness. The all-share merger, described as a union of equals, will create a combined group with a market capitalisation of $50bn, under the proposed name Anglo Teck.
AAL faces weak liquidity, rising costs and unfavorable bottom-line revisions, resulting in a sharp stock decline in 2025.
American Airlines (NASDAQ: AAL) stock has decreased by 27% this year. Despite the decline in fuel costs, investors were unsettled by the company's sharp reset of its forecast, which includes an anticipated loss for the third quarter.
Canadian Prime Minister Mark Carney has made the relocation of Anglo American PLC (LSE:AAL)'s global headquarters to Canada a condition for approving its proposed acquisition of Teck Resources Ltd (TSX:TECK.B), the Globe and Mail reported, citing two people familiar with the matter. The London-based miner last week unveiled a $53 billion all-stock takeover bid for Teck, which would rank among the largest transactions in the sector.
Anglo American PLC (LSE:AAL) and Chilean state miner Codelco have finalised a joint mine plan for their adjacent Los Bronces and Andina copper operations, aiming to unlock at least $5 billion in pre-tax value. The agreement follows a memorandum of understanding, announced previously in February 2025, and has now been unanimously approved by both companies' boards.
The merged Anglo Tech is "excellent" news for Anglo American PLC (LSE:AAL) but the creation of a $53 billion-plus giant will only make it more attractive as a takeover target, according to JP Morganb Both Anglo and Teck Resources Ltd (TSX:TECK.B) have been the subject of failed takeover attempts, with Anglo rejecting BHP's advances in 2024 and Teck from Glencore in 2023. JPMorgan analyst Dominic O'Kane said he believes the combination is "strategically excellent for Anglo American; it will unlock significant value and re-asserts control of Anglo's strategic destiny".
Anglo American PLC (LSE:AAL) and Teck Resources Ltd (TSX:TCK) have agreed to merge in an all-share transaction to form a new company, Anglo Teck, that would be a top-five global copper producer. The combination is positioned as a merger of equals, though Anglo American shareholders are set to own 62.4% of the new group and Teck shareholders 37.6%.
Anglo American PLC (LSE:AAL) said it has sold its entire 19.9% stake in Valterra Platinum Ltd (LSE:VALT, JSE:VAL) via an accelerated bookbuild placing. The miner announced yesterday that it was going to offload the 52.2 million shares of the company previously named Anglo American Platinum or Amplats at a price of 845 rand per share.
An investigation has been launched into Anglo American PLC's (LSE:AAL) planned $500 million sale of its nickel operations in the country to a unit of Hong Kong-listed MMG. The probe by Brazil's competition authority CADE was reported by the Financial Times, which noted that it followed a complaint from competitor CoreX.
All stocks in the market go through their own ebb and flow cycles; there are no exceptions. No investor can escape this behavior, but they can look for opportunities at either end of that pendulum, where most other participants may not be willing to step in, as emotions (like the pendulum swings) are probably at extremes.
Anglo American PLC's (LSE:AAL) plans to slim down its sprawling mining empire have hit a bump after US rival Peabody Energy pulled out of a $3.8 billion agreement to buy its steelmaking coal assets in Australia. Peabody had agreed last year to acquire Anglo's portfolio of metallurgical coal mines in Queensland, but the deal collapsed this week following a gas ignition incident at the Moranbah North mine in March.
AAL adds new routes to Europe and South America for summer 2026, as international air travel demand remains strong.