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Teck Resources Ltd
Symbol TECK
Shares Issued 482,973,642
Close 2026-07-23 C$ 84.18
Market Cap C$ 40,656,721,184
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Globe says Teck beats Q2 expectations on copper prices

2026-07-24 08:23 ET - In the News

The Globe and Mail reports in its Friday edition that record-high copper prices propelled Teck Resources past profit expectations in the second quarter as it awaits a decision from China on its proposed acquisition by Britain's Anglo American PLC. The Globe's Naill McGee writes that Teck on Thursday reported a 25-per-cent jump in year-over-year copper production to around 136,000 tonnes, with Highland Valley Copper in British Columbia performing particularly well. Quebrada Blanca in Chile, Teck's biggest copper mine, also delivered solid results with production rising by 6 per cent to 55,800 tonnes. Copper, which is used in electronics, wiring, transportation and plumbing, surged by 40 per cent year-over-year to an average of $6.05 a pound in Q2 (all figures U.S.). The commodity on Thursday traded around $6.30 a pound, not far from its all-time high of $6.67 in June. Teck sold its legacy coal business to Glencore PLC in 2024, broadening its exposure considerably to copper. Last September, Teck agreed to be acquired by Anglo American. The British miner said on Thursday that the deal remains on track to close between September and March of next year. The takeover still requires antitrust approval from China.

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