Surge in Canadian Mining Stocks Amid Copper Rally... Market Cap Increases by 2.8 Trillion Won in One Day

Teck Resources Limited (TECK), a Canadian mining company, closed at $71.67 on the New York Stock Exchange on the 1st—up 5.63%. Trading volume topped 2.56 million shares, and its market capitalization rose by about $2 billion from the previous day to approximately $34.5 billion.

On April 22, the company reported first-quarter 2026 results, posting revenue of $3.9 billion and earnings per share of $1.75—well above market expectations. On April 23, it declared a quarterly dividend of $0.125 per share, payable on June 30.

Headquartered in Vancouver, Teck Resources is a major copper- and zinc-focused miner. In 2024, it sold its steelmaking coal business to Glencore, refocusing its portfolio on base metals. Its proposed merger with UK-based Anglo American has received shareholder approval and is now awaiting regulatory clearance across various jurisdictions, with completion targeted for late 2026 to early 2027.