Teck Resources Gains 3.4% on Higher Copper Prices

Teck Resources (TECK) stock rose by 3.4% on August 21, driven mainly by higher copper prices and continued investor support for the company's growth story.

The move appears tied to stronger copper prices, which increased more than 1% due to a weaker U.S. dollar and expectations of added Chinese fiscal support.

Teck's second-quarter 2026 results showed adjusted EBITDA of $2.2 billion, with management highlighting significantly higher copper production and stronger commodity prices.

The company's merger with Anglo American is also progressing, with the companies outlining the future leadership team and Teck completing bond consent steps tied to the transaction.