1213 GMT - Anglo American's pending merger with Teck Resources remains the key driver of the miner's outlook, Quilter Cheviot's Maurizio Carulli writes. Regulatory approval of the merger will make Anglo American a global copper giant, Carulli says. "Once the merger is completed in 12-18 months, significant cost savings and production growth will be achieved." Anglo's results were better than expectations, though currency fluctuations driven by a weaker dollar weighed on the group's costs, the analyst adds. Anglo American shares rise 0.7% in early afternoon European trade.(josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 07:15 ET (12:15 GMT)

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