Copper Large-Scale M&A Expectations Drive Surge in NY Mining Stocks, Market Cap Increases by Over 2 Trillion Won in One Day

Teck Resources Limited (NYSE: TECK) shares closed at $59.60 on the New York Stock Exchange, up 5.10% from the previous day. That rise lifted the company’s market capitalization to approximately $28.6 billion (about ₩40 trillion), an increase of roughly $1.5 billion (₩2.2 trillion) in just one session. Trading volume reached around 1.45 million shares, reflecting short-term momentum buying.

On April 23 (local time), Teck plans to release its first-quarter 2026 results and hold its annual general meeting in Vancouver, where shareholders will vote on approving the 2025 financial statements, electing directors and ratifying the compensation policy.

Last December, shareholders approved a merger with UK-based Anglo American, paving the way for the roughly $50 billion “Anglo-Teck” mining giant. In its recently released fourth-quarter 2025 results, Teck posted year-on-year revenue growth, buoyed by stronger copper prices.

Headquartered in Vancouver, Canada, Teck Resources is a mid-to-large-cap diversified miner producing copper, steelmaking coal and zinc, with major operations across the Americas. With the merger’s completion, Teck is expected to form a core pillar of the combined Anglo-Teck entity and be re-rated as a top global copper producer—a view that has already been priced into its share performance.