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Teck Resources and Antofagasta Deny Merger Talks

Following a Bloomberg report put out Monday suggesting that Teck Resources and Antofagasta were in talks regarding a merger, both companies have put out press releases denying that claim. The article from Bloomberg stated that Teck and Antofagasta had conducted early-stage talks, although it noted that the miners both said they were not currently in negotiations.

The Other Side of Low Copper Prices: How the Market Affects Mineworkers

The red metal is commonly referred to as Dr. Copper, and most are aware of how closely it's tied to the economy. However, copper also affects the economy in another, less-talked-about way — it creates jobs for miners in countries around the world, and with lower copper prices, jobs in some of those areas might be at risk.

Cormarck Securities Staying Bullish on Copper

With copper prices still sitting around $2.61 per pound, sentiment in the space isn't great at the moment. However, firms are still putting out positive outlooks on the copper price, and Cormark Securities is one of them.