Basic Materials Roundup: Market Talk
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The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0744 GMT – Anglo American’s share price rise was triggered by Teck Resources’ beat to consensus expectations, Berenberg analysts write. The two companies are combining to create one of the world’s largest miners. While Anglo American’s operational performance was decent, its 2.9% share increase on Thursday was more driven by Teck’s earnings, they say. Significantly, Teck showcased another quarter of operational progress at the historically problematic Quebrada Blanca mine, the analysts say. Teck’s management also made encouraging comments on Chinese regulatory approval for the deal, and said the merger is set to complete between September 2026 and March 2027, they add. Shares rise 2.6% to 3,725 pence. ([email protected])
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