Home / Business and Economy / Mining Titans Anglo and Teck Seal Historic $53B Merger
Mining Titans Anglo and Teck Seal Historic $53B Merger
9 Sep
Summary
- $53B merger creates world's 5th-largest copper company
- Rivals Glencore, BHP, Rio Tinto may pursue further consolidation
- Deal expected to be completed within 12-18 months
On September 9, 2025, Anglo American and Teck Resources announced a groundbreaking $53 billion merger, marking a significant shift in the mining industry. The combined entity will become the world's fifth-largest copper company, a critical metal for industries ranging from electric vehicles to data centers.
The deal, which is expected to be completed within the next 12-18 months, has been met with broad support from investors. Shares of both companies have risen sharply since the announcement, with Anglo American's stock up 9% and Teck's up 14%.
The merger's success could spur further consolidation among Anglo and Teck's rivals, including Glencore, BHP, and Rio Tinto, all of which have had their own M&A attempts fall through in recent years. Industry experts believe these companies may now seek to gain a larger foothold in the copper market, which is poised for growth in the coming decade.
"Both BHP and Rio would like more copper if they could get it, although they may blink at the prices now," said Ian Woodley, a fund manager at Old Mutual, which holds shares in Anglo American.
The deal represents a breakthrough in the mining sector, which has long struggled with failed attempts at consolidation. With the industry's future-facing metals like copper becoming increasingly valuable, the winners in the next decade may be defined by who can control the most significant market share.
