A major new copper mining company is set to emerge as Anglo American and Teck announce a historic merger. The combined group, valued at more than US$50 billion, aims to complete the deal within 12 to 18 months, pending regulatory approval. The new company, named Anglo Teck, will be headquartered in Vancouver with a primary listing in London. It represents the largest merger in the mining sector in recent years. Copper demand has surged globally as countries shift to cleaner energy and the rise of artificial intelligence (AI) fuels industrial growth. The metal is crucial for electric-vehicle batteries, wind turbines,…
Author: Lester Holt
Lester Holt
Lester Holt is a freelance journalist based in the USA, with over 25 years of experience reporting on Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from California State University, Sacramento. Throughout his career, he has contributed to outlets such as NBC News, MSNBC, and The New York Times. Known for his clear reporting and insightful storytelling, Lester delivers accurate and timely news that keeps readers informed on national and global developments.