Teck Resources (TECK) is rallying after a major merger-related catalyst: Teck secured a final order from the Supreme Court of British Columbia approving the plan of arrangement tied to its merger of equals with Anglo American. With the court step completed, investors are re-pricing the probability and timing of closing, helping push the stock sharply higher as deal certainty improves.

Court approval is a critical procedural gate in Canadian arrangements and removes one of the more binary risks around the transaction mechanics. The market is now focused on the remaining closing conditions—particularly multi-jurisdiction competition and other regulatory clearances—and whether the timeline tightens as those decisions arrive. Teck has already highlighted that, at closing, its shareholders are expected to own roughly 37.6% of the combined company, making progress toward closing directly relevant to TECK’s implied takeout value.

The next catalysts are incremental regulatory decisions and any updates on expected closing timing. Separately, TECK remains highly levered to copper fundamentals; elevated copper pricing and supply-tightness narratives can amplify day-to-day moves, especially when layered on top of merger headlines.