Teck Resources Ltd has reported stronger-than-expected earnings for the fourth quarter of 2025, with adjusted earnings of C$1.37 per share driven by significantly higher copper prices. The company's announcement of a proposed merger with Anglo American has advanced, following regulatory approval, and aims to form a global minerals leader. Despite challenges such as lower sales volumes and substantial capital expenditure needs for 2026, Teck returned $1.3 billion to shareholders, underscoring its financial resilience.