TECK Resources Targets 'Copper Dinosaur', Surges 7% Today

Canadian mining company Teck Resources Limited (TECK) closed at $51.58 on the New York Stock Exchange, up 7.10% from the previous day. Its market capitalization grew by about $1.9 billion in a single session to roughly $24.8 billion (approximately KRW 33 trillion).

In its fourth-quarter 2025 results, the company posted revenues of around CAD 3 billion and an adjusted EBITDA of about CAD 1.5 billion, driven by strong copper prices and marking a significant year-on-year profit increase. According to market reports, Teck recently signed a supply agreement with Korea Zinc to raise treatment charges for zinc concentrate and pricing for silver and germanium for 2026, further boosting expectations for improved profitability.

Headquartered in Vancouver, Canada, Teck Resources is a diversified miner focused on base metals such as copper and zinc. In 2024, it sold its steelmaking coal business to Glencore, shifting to a non-ferrous metals–centered portfolio. Teck is currently pursuing a roughly $53 billion merger with UK-based Anglo American and is navigating regulatory approvals; once completed, it is expected to rank among the world’s top copper producers.