The Globe and Mail reports that Canadian Prime Minister Mark Carney told Anglo American that he would not approve its takeover of Teck Resources unless the company's combined headquarters were moved to Canada.The company evidently agreed to the condition as Anglo American announced it would relocate to its head office to Vancouver if the all-stock bid was successful. However the company would remain domiciled in the UK.Key for Teck shareholders on this report is that it will make it tough, if not impossible ...

Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the c ...

Economic Outlook - A top European strategist predicts that gold prices will reach $4,000 per ounce and silver prices will hit $50 per ounce within the next 3 to 6 months due to a rapidly weakening U.S. economy, which will compel the Federal Reserve to take aggressive actions [1][2] - The U.S. labor market is showing signs of significant weakness, with a downward revision of 910,000 jobs in annual employment growth data, indicating a slowdown in the economy [2][3] Political Landscape - The political foundation in Europe is also under strain, highlighted by the recent collapse of the French government, which was triggered by a failed confidence vote [3] - The crisis in France is linked to attempts to control rising debt, with the country’s debt increasing by €5,000 per second [3] Inflation and Wealth Transfer - The current political realities suggest that governments may resort to maintaining inflation at 3% to 4%, which could lead to a 50% loss in purchasing power for cash holders over ten years [4] - This period is expected to witness a significant transfer of wealth, with some individuals losing wealth while others accumulate it [4] Precious Metals and Mining Sector - The strategist believes that precious metals and their producing companies are poised for explosive growth, with gold prices nearing a historical high of $3,680 per ounce [5] - Silver is viewed as undervalued, and if it surpasses $50 per ounce, it could potentially rise to $100, with significant price increases expected in the event of shortages [5] - The mining sector is beginning to react, as evidenced by a $53 billion merger between Anglo American and Teck Resources, signaling the start of a merger cycle in the industry [5]

(Bloomberg) -- Two years ago, when Glencore Plc proposed an unsolicited, $23 billion takeover of Teck Resources Ltd., the Canadian miner’s founder decisively rejected the idea. “Now is not the time,” Norman Keevil Jr. said back then. Fast forward to 2025, and the 87-year-old Keevil is one of the chief proponents of a mammoth deal to combine Teck with London-based Anglo American Plc. The merger would create a roughly $60 billion company and one of the world’s top copper producers. But both companies descri ...

Two years ago, Teck Resources founder Norman Keevil Jr rejected a takeover proposal by rival Glencore. Fast forward to 2025, he's changed his tune as he advocates for a deal with Anglo, before it's too late https://t.co/bG13NWp1zh ...

Core Viewpoint - The proposed $53 billion merger between Anglo American and Teck Resources could create the world's largest copper mine by the early 2030s, surpassing BHP's Escondida in Chile [1][2]. Group 1: Merger Details - The merger focuses on integrating Teck's Quebrada Blanca (QB) mine with Anglo's Collahuasi operation, potentially generating about one million tonnes of copper annually [2]. - A 15-kilometre conveyor is planned to link Collahuasi's high-grade ore to QB's processing facilities, expected to add 175,000 tonnes of copper per year from 2030 to 2049 [3]. Group 2: Production and Financial Projections - If the merger is completed, the combined entity would rank among the top five copper producers globally, with an output of 1.35 million tonnes per year, compared to Escondida's projected 1.28 million tonnes in 2024 [4]. - The companies anticipate $800 million in annual pretax synergies and up to $1.4 billion in additional EBITDA gains from shared procurement and operational efficiencies [4]. Group 3: Operational Challenges - Execution risks are significant, as Teck's QB mine has faced cost overruns, pit instability, and other operational issues, while Anglo does not fully control Collahuasi [5]. - Analysts emphasize that operational improvements at QB are essential before the combined complex can effectively compete with Escondida [6].

Anglo's $60 billion bid for Teck sparked rival miners to scramble for details on the deal https://t.co/9H3JMTrBDB ...

Group 1: Rocket Companies, Inc. (RKT) - Rocket Companies, Inc. has officially broken out, and the CEO of Ritholtz Wealth Management is staying long on the stock [1] - Shares of Rocket Companies rose 1% to close at $21.11 on Thursday [6] Group 2: Delta Air Lines, Inc. (DAL) - Delta Air Lines reaffirmed its earnings outlook for the September quarter and full year 2025, previously provided on July 10, 2025 [2] - Delta Air shares fell 1.6% to close at $60.44 on Thursday [6] Group 3: Teck Resources Limited (TECK) and Anglo American - Teck Resources and Anglo American will merge to form Anglo Teck, a global critical minerals company and one of the world's top five copper producers [3] - The merged group will be headquartered in Canada and is expected to provide investors with more than 70% copper exposure [3] - Teck Resources shares gained 3% to settle at $41.66 during the session [6] Group 4: Tesla, Inc. (TSLA) - Tesla's Model Y L deliveries will not take place until November 2025, indicating a shortage of units for the rest of September and all of October [4] - Tesla shares gained 6% to close at $368.81 on Thursday [6]

We recently published 13 Stocks Jim Cramer Discussed During His Historic Morning Appearance. Teck Resources Limited (NYSE:TECK) is one of the stocks Jim Cramer recently discussed. Teck Resources Limited (NYSE:TECK) is an American copper and zinc company. Its shares have gained 14% over the past two days after the firm announced a merger with mining giant Anglo-American. The deal creates one of the largest mining companies in the world, and before it, Teck Resources Limited (NYSE:TECK)’s shares were down 1 ...

Core Viewpoint - The merger between Anglo American Plc and Teck Resources Ltd is positioned as a significant move in the copper market, potentially reshaping the global commodities landscape with a focus on copper production and synergies [1]. Group 1: Merger Overview - The combined entity will have copper accounting for approximately 66% of EBITDA, with projections to increase this to 72% [1][3]. - The merger is expected to generate $800 million in annual savings within four years, with 80% of these savings realized by the second year [2]. Group 2: Growth Potential - The increase in copper's share of EBITDA is linked to divestments from coal and De Beers, with further growth anticipated post-2030 as production ramps up at key Chilean assets [3]. - Adjacent assets like Collahuasi and Quebrada Blanca could contribute an additional 175,000 tonnes annually at a capital intensity of $11,000 per tonne, leading to an incremental EBITDA of $1.4 billion [3][4]. Group 3: Financial Strategy - The merger is not solely focused on growth but also on cash returns, with Anglo planning a $4.5 billion dividend for shareholders, primarily funded by Teck's balance sheet [5]. - Pro forma leverage is expected to be less than 1x EBITDA by 2027, even before accounting for proceeds from coal and diamond asset sales [5]. Group 4: Competitive Advantage - The merger could create a low-capital copper growth engine, providing Anglo-Teck with a scale and cost advantage that may be difficult for competitors to replicate [6].