Anglo American Plc's (OTCPK:NGLOY) (OTCPK:AAUKF) bold tie-up with Teck Resources Ltd (NYSE:TECK) is shaping up to be more than just another mining merger—it's a copper power play that could redraw the global commodities map.
JPMorgan analyst Dominic O’Kane noted that the combined Anglo-Teck will be built on a base where copper already makes up about 66% of EBITDA. That figure could jump to 72%.
