Anglo American's Teck Deal Lifts Copper Exposure, Uncertainties Remain -- Market Talk

Dow Jones

Sep 09

0904 GMT - Anglo American's takeover of Teck Resources will give it greater scale in copper, but there are uncertainties around whether the deal will truly generate value, says AJ Bell's Russ Mould. The big unknown is whether adding Teck's assets is enough to revive Anglo's share price, he says. Transformational deals rarely add value and Anglo doesn't have a perfect deal-making history, he adds. The deal is a win for the U.K. stock market though, as the enlarged group will have its primary listing in London. "Anglo American has turned from prey to predator," Mould says. "One minute Anglo was fighting off bid interest from BHP...the next it is swooping on a business that arch-rival Glencore tried and failed to buy." Shares rise 7.9%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

September 09, 2025 05:04 ET (09:04 GMT)

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The big unknown is whether adding Teck's assets is enough to revive Anglo's share price, he says. Transformational deals rarely add value and Anglo doesn't have a perfect deal-making history, he adds. The deal is a win for the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. stock market though, as the enlarged group will have its primary listing in London. \"Anglo American has turned from prey to predator,\" Mould says. \"One minute Anglo was fighting off bid interest from BHP...the next it is swooping on a business that arch-rival Glencore tried and failed to buy.\" Shares rise 7.9%. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 09, 2025 05:04 ET (09:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Anglo American's Teck Deal Lifts Copper Exposure, Uncertainties Remain -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnglo American's Teck Deal Lifts Copper Exposure, Uncertainties Remain -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-09 17:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0904 GMT - Anglo American's takeover of Teck Resources will give it greater scale in copper, but there are uncertainties around whether the deal will truly generate value, says AJ Bell's Russ Mould. The big unknown is whether adding Teck's assets is enough to revive Anglo's share price, he says. Transformational deals rarely add value and Anglo doesn't have a perfect deal-making history, he adds. The deal is a win for the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. stock market though, as the enlarged group will have its primary listing in London. \"Anglo American has turned from prey to predator,\" Mould says. \"One minute Anglo was fighting off bid interest from BHP...the next it is swooping on a business that arch-rival Glencore tried and failed to buy.\" Shares rise 7.9%. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 09, 2025 05:04 ET (09:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566660798","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566660798","pubTimestamp":1757408640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0904 GMT - Anglo American's takeover of Teck Resources will give it greater scale in copper, but there are uncertainties around whether the deal will truly generate value, says AJ Bell's Russ Mould. 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The big unknown is whether adding Teck's assets is enough to revive Anglo's share price, he says. Transformational deals rarely add value and Anglo doesn't have a perfect deal-making history, he adds. The deal is a win for the U.K. stock market though, as the enlarged group will have its primary listing in London. \"Anglo American has turned from prey to predator,\" Mould says. \"One minute Anglo was fighting off bid interest from BHP...the next it is swooping on a business that arch-rival Glencore tried and failed to buy.\" Shares rise 7.9%. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 09, 2025 05:04 ET (09:04 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}