04-October-2026
Corporate News
 
Exclusive-China Demands Copper Supply Commitments for Anglo Teck Merger Approval, Sources Say
03-Oct-2026

China's antitrust regulator has asked Anglo American to commit to supply the country with a steady flow of copper concentrate as a condition for approving its proposed $54 billion merger with Canada's Teck Resources, three people aware of the development said. The demand reflects China's struggle to feed its vast copper smelting industry, which refines up to 60% of the world's copper cathodes but faces its worst feedstock shortage in decades.

News Source:- https://money.usnews.com/investing/news/articles/2026-10-02/exclusive-china-demands-copper-supply-commitments-for-anglo-teck-merger-approval-sources-say