Anglo American merges with Canadian peer to forge copper giant

British mining group Anglo American and Canadian peer Teck Resources announced on Tuesday plans for a multi-billion-dollar merger, with copper in strong demand as the world transitions to cleaner energy and artificial intelligence. A new combined group producing a range of critical minerals is worth more than $50 billion according to the companies’ current market values. The sector’s biggest tie-up in years will create a company named Anglo Teck, with headquarters in Vancouver and a primary listing in London. An agreed deal is expected to complete in 12-18 months, subject...