BHP's Final Attempt Fails in Anglo American Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
0mins
Should l Buy TECK?
Source: Benzinga
BHP's Acquisition Attempt: BHP has officially abandoned its last-minute attempt to acquire Anglo American, focusing instead on its $53 billion merger with Teck Resources, despite earlier engagement with Anglo's management.
Strategic Motivations: BHP's interest in Anglo was driven by its valuable copper assets in South America, crucial for meeting the rising demand for copper amid the energy transition.
Impact of Anglo's Merger: The proposed merger between Anglo and Teck would significantly reshape the mining sector, creating a company capable of rivaling major copper producers, including the Escondida mine.
Future Considerations: BHP's withdrawal may simplify the upcoming shareholder vote on the Anglo-Teck merger, which still requires scrutiny under the Investment Canada Act before proceeding.
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Analyst Views on TECK
Wall Street analysts forecast TECK stock price to fall
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 56.710
Low
39.62
Averages
45.92
High
51.87
Current: 56.710
Low
39.62
Averages
45.92
High
51.87
About TECK
Teck Resources Limited is a resource company that operates a portfolio of copper and zinc operations across North and South America. The Company’s projects include the Highland Valley Copper (HVC) Mine Life Extension Project, Galore Creek Project, Zafranal Project, and NuevaUnion. The HVC Mine Life Extension is located at the HVC site, approximately 17 kilometers (km) west of Logan Lake and 75 kilometers southwest of Kamloops. The Galore Creek Project is situated in Tahltan Territory in northwestern British Columbia, around 370 km northwest of Smithers. The Zafranal Copper Project lies in the Arequipa Region of southern Peru, within the prolific porphyry copper belt. The NuevaUnion Project is a undeveloped copper-gold-molybdenum mining venture in the Americas, located in Chile’s Atacama Region; its two deposits are about 40 km apart. Its Red Dog Operations is a zinc mine located approximately 170 km (105 miles) north of the Arctic Circle in northwest Alaska, near Kotzebue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sector Growth Expectations: According to the latest Earnings Trends report, the Basic Materials sector is projected to achieve a 16.3% earnings growth in Q1 2026, improving from 12.1% in Q4 2024, indicating strong performance in the current economic climate.
- Copper Price Support: In Q1 2026, copper prices peaked at $6.58 per pound on January 29, driven by supply disruptions at major mining operations like Indonesia's Grasberg mine, which is expected to significantly bolster revenues for Teck Resources and Lundin Mining.
- Teck Resources Outlook: Teck Resources anticipates a 23% year-over-year increase in copper production to 130.5 thousand tons for Q1 2026, with sales projected to rise 22.5% to 129.8 thousand tons, reflecting the company's robust production capabilities in a high copper price environment.
- Lundin Mining Prospects: Lundin Mining expects its Q1 2026 earnings to benefit from $22 million in positive pricing adjustments, projecting earnings of 28 cents per share, a 155% year-over-year surge, showcasing the company's enhanced profitability amid rising metal prices.
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- Revenue Growth Expectations: The anticipated revenue for Q1 is $2.36 billion, representing a 3.1% year-over-year growth, suggesting a stable growth trajectory in the mining sector that could further bolster investor confidence.
- Historical Performance: Over the past two years, Teck has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, showcasing its strong capability in managing market expectations and enhancing its reputation among investors.
- Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates have experienced three upward revisions with no downward changes, reflecting optimistic market sentiment regarding Teck's future performance.
See More
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- Earnings Release Schedule: Teck Resources Limited will release its Q1 2026 earnings results before market open on April 23, 2026, which is expected to provide crucial insights into the company's financial performance, aiding investors in assessing its market standing.
- Webcast Timing: Following the earnings release, Teck will host a webcast at 8:00 a.m. PT (11:00 a.m. ET) to discuss the results, allowing investors and analysts to engage directly with management for enhanced interaction.
- Investor Participation Details: Investors can join the call by dialing 1.647.846.8877 or 1.833.752.3828, quoting “Teck Resources” to join the conversation, ensuring accurate and timely information dissemination.
- Company Background: Teck is a leading Canadian resource company focused on responsibly providing metals essential for economic development and energy transition, boasting world-class copper and zinc operations and a commitment to creating value through responsible growth.
See More
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- Rare Earth Production Capability: REalloys' Euclid facility is the only site in North America capable of producing heavy rare earth metals and alloys, having secured contracts with the U.S. Department of Defense, Department of Energy, and NASA, solidifying its critical position in defense and industrial markets.
- Integrated Supply Chain Advantage: The company has established a complete supply chain from raw materials to finished magnets by owning the Hoidas Lake rare earth project and securing partnerships across multiple countries, reducing reliance on China and enhancing market competitiveness.
- Technological Innovation and Efficiency: Collaboration with the Saskatchewan Research Council enables REalloys to utilize an AI-driven facility for efficient rare earth metal separation without relying on Chinese technology, with an expected annual output of 525 tonnes of neodymium-praseodymium metal, making it the largest source of heavy rare earth oxides in North America.
- Preparation for Policy Changes: With the implementation of new U.S. defense procurement regulations in 2027, REalloys' production capacity will meet the urgent demand for domestically sourced rare earth metals, ensuring its dominant position in the future market.
See More
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Market Opening: U.S. stock markets are set to open in two hours.
Nuvalent Inc. Performance: Nuvalent Inc. Cl A (NUVL) saw a 7.0% increase in pre-market trading.
Figure Technology Solutions Performance: Figure Technology Solutions Inc. (FIGR) also experienced a 7.0% rise in pre-market trading.
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See More
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- Copper Supply Shortage Forecast: J.P. Morgan projects a significant refined copper deficit of 330,000 metric tonnes in 2026, driven by historic underinvestment and mine disruptions, which could lead to rising copper prices and impact profitability for related companies.
- Critical Minerals Ministerial: The U.S. State Department gathered 54 nations for the Critical Minerals Ministerial, committing over $10 billion to secure scalable supply chains and signing eleven new bilateral agreements with key producing countries, highlighting the global emphasis on critical mineral resources.
- GoldHaven Resource Expansion: GoldHaven has expanded its Magno project in British Columbia with three newly acquired mineral claims totaling over 37,200 hectares, containing tungsten, molybdenum, and copper-zinc deposits, indicating its potential and strategic positioning in the critical minerals sector.
- United States Antimony Revenue Growth: The company reported a revenue of $39.26 million for 2025, up 163% year-over-year, primarily due to soaring antimony prices following China's export controls, with a 2026 revenue guidance of $125 million, underscoring its critical role in mineral supply chains.
See More
