US stocks surge | Reaches merger agreement with Anglo American Resources Group Teck Resources (TECK.US) soared over 13%

According to the Securities Times APP, on Tuesday, Teck Resources (TECK.US) surged over 13% to $39.98. On the news front, on September 9th, Anglo American reached a merger agreement with Teck Resources to form the copper industry giant Anglo Teck with a market value of $53 billion. The new company's copper business accounts for over 70%, with Teck Resources shareholders holding 37.6%. The merger is expected to create pre-tax annual synergies of $800 million, and increase potential production capacity through the integration of adjacent copper mining projects in Chile such as Quebrada Blanca and Collahuasi. The surge in power demand from artificial intelligence data centers is driving copper prices to rise by about 15% by 2025, strengthening the new company's leading position in the global critical mineral market.