Teck and Anglo American Merger to Create $53 Billion Critical Minerals Giant

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Teck Resources Limited and Anglo American plc on Tuesday announced they had agreed to combine via a merger of equals to create a copper and other critical minerals giant with a market capitalization of over $53 billion.   Teck Resources and Anglo American will create the Anglo Teck group, which will be a global critical minerals champion and top five global copper producer, headquartered in Canada and expected to offer investors more than 70% exposure to copper, the companies said in a joint press release.   Anglo Teck will…