Anglo American Merges with Teck to Boost Canada-U.K. Trade

On September 9, 2023, British-owned mining giant Anglo American announced a significant merger with Canadian company Teck, aimed at establishing a leading global player in critical minerals. This strategic partnership will be headquartered in Canada, marking a pivotal moment for the mining industry and enhancing trade relations between Canada and the United Kingdom.

Teck CEO Jonathan Price emphasized the economic potential of this merger, stating, “This transition will create significant economic opportunity in Canada while positioning Anglo Teck to deliver sustainable, long-term value for shareholders and all stakeholders.” The merger reflects a growing trend in investment and trade between British Columbia and the U.K. over recent years.

Strengthening Trade Relations

The increase in trade between the U.K. and Canada, especially British Columbia, is noteworthy. Thomas Codrington, the British consul general in B.C., highlighted efforts to cultivate stronger ties, saying, “We’re working to build even stronger relationships with Canada and British Columbia.”

Following the U.K.’s exit from the European Union, the two nations have seen their trade volume rise significantly. In 2020, Canada and the U.K. formalized a trade continuity agreement, showcasing the importance of diversifying trading partnerships. Since then, trade has surged by more than 50 percent between 2016 and the first quarter of 2025.

This merger is part of a larger picture of evolving economic collaborations. Codrington participated in a recent “Conversation That Matters,” discussing the benefits and potential of enhanced trade relationships between the U.K. and British Columbia.

Looking Ahead

As the merger unfolds, both Anglo American and Teck aim to capitalize on the demand for critical minerals, which are essential for various industries, including technology and renewable energy. The focus on sustainable practices also positions the newly formed entity as a responsible player in the global market.

Canadians are encouraged to stay informed about this merger and its implications for the local economy. For further insights and discussions on the innovation economy in British Columbia, events like the upcoming “Conversations Live” on October 21 will provide platforms for dialogue.

This merger not only signifies a transformative step for both companies but also represents a broader commitment to strengthening economic ties between Canada and the U.K., paving the way for future collaborations that could reshape the landscape of critical minerals and beyond.