News
TECK
45.78
+4.24%
1.86
Teck Resources Ltd. Cl B Stock Rises Thursday, Outperforms Market
Shares of Teck Resources Ltd. Cl B TECK.B advanced 4.01% to C$62.00 Thursday. The company closed below its 52-week high of C$66.04. The S&P/TSX Composite Index rose 0.27% to 22,167.03.
MarketWatch · 3h ago
AI Will Drive Big Demand for Copper, J.P. Morgan Says. 3 Stocks to Watch.
J.P. Morgan says demand for artificial intelligence might exacerbate a copper shortage later this decade. Data centers will need to revamp their power and cooling systems as AI servers draw more power per square foot. Copper is an essential component for power infrastructure upgrades. Analyst estimates AI will lead to 2.6 million tonnes of additional aggregate copper demand by 2030.
Barron‘s · 5h ago
"EIA says Baltimore Port Closure Could Dent U.S. Coal Export Volumes" - Reuters News
Port of Baltimore is the second-largest U.S. Hub for coal exports. Coal exports from the port have been disrupted following the collapse of Baltimore's Francis Scott Key Bridge. The port handled 28 million short tons of coal exports last year, 28% of total U.s. Coal exports, EIA says.
Benzinga · 8h ago
Not Just Nvidia, AI Is Also Fueling Global Copper Demand: Analyst Reveals 3 Top Stock Picks
Artificial intelligence (AI) is also fueling global copper demand. The demand for copper is an essential component in powering the digital revolution. JPMorgan analyst Dominic O’Kane identifies three top regional copper picks to capitalize on the growing demand for the metal. The growth of AI computing capacity in the coming decade coincides with the growth of the copper market.
Benzinga · 8h ago
Teck Resources Ltd. Cl B Stock Rises Wednesday, Outperforms Market
Shares of Teck Resources Ltd. Cl B TECK.B rose 1.90% to C$59.61 Wednesday. The company closed short of its 52-week high of C$66.04. The S&P/TSX Composite Index rose 0.89% to 22,107.08.
MarketWatch · 1d ago
Teck Resources Sets Stage for 2024 Annual Meeting
TipRanks · 1d ago
Teck Resources Ltd. Cl B Stock Falls Monday, Underperforms Market
Shares of Teck Resources Ltd. Cl B dropped 1.20% to C$58.63. The company closed short of its 52-week high of C$66.04. The S&P/TSX Composite Index fell 0.19% to 21,942.28.
MarketWatch · 3d ago
Weekly Report: what happened at TECK last week (0318-0322)?
Weekly Report · 3d ago
Global Mining Industry Faces 'Trust Deficit' Despite Being Asked To Produce More Metals For Energy Transition
Mining executives expect miners to produce more metals to decarbonize the global economy. The mining industry is facing long permitting times, a lack of labor, cost inflation and a "trust deficit" with the general public. The focus on minerals has broadened the interest in mining, analyst says.
Benzinga · 5d ago
Teck Resources Ltd. Cl B Stock Falls Friday, Underperforms Market
Shares of Teck Resources Ltd. Cl B TECK.B slid 2.00% to C$59.34 Friday. The company closed short of its 52-week high of C$66.04. The S&P/TSX Composite Index fell 0.47% to 21,984.08.
MarketWatch · 6d ago
Investors Advocate For Glencore To Keep Coal Assets Despite Rising Emissions
Investors are urging Glencore to continue coal production. The company recorded a rise in carbon emissions of 8.8% in 2023. Glencore is planning to acquire a large portion of Teck Resources, a Canadian miner with ecological problems. Company is open to consulting shareholders on the potential spinoff of coal assets.
Benzinga · 6d ago
BUZZ-Copper miners fall on stronger dollar
Three-month copper on the London Metal Exchange drops 1.1% to $8,855 per metric ton. Copper prices fall on a stronger dollar and as investors lock in profits ahead of the weekend. Shares of copper miners fall, tracking decline in red metal prices. U.S.-listed shares of mining giants Rio Tinto and BHP Group fall.
Reuters · 6d ago
FOCUS-More investors push Glencore to keep coal post-Teck deal
More investors push Glencore to keep coal post-Teck deal. Three top-15 investors say would vote to keep unit Cite environmental, economic benefits of ownership Echo March 11 demands of activist Tribeca. Swiss-based miner set to buy majority of Canadian miner Teck's coal business.
Reuters · 6d ago
Teck Resources Ltd. Cl B Stock Falls Thursday, Underperforms Market
Shares of Teck Resources Ltd. Cl B shed 0.28% to C$60.55 on Thursday. The company closed below its 52-week high of C$66.04. The S&P/TSX Composite Index rose 0.19% to 22,087.26.
MarketWatch · 03/21 20:35
Teck Resources Ltd. Cl B Stock Rises Wednesday, Outperforms Market
Shares of Teck Resources Ltd. Cl B TECK.B rallied 2.69% to C$60.72 Wednesday. The company closed below its 52-week high of C$66.04. The S&P/TSX Composite Index rose 0.85% to 22,045.71.
MarketWatch · 03/20 20:35
Commodity market open interest hits six-month high as oil and copper inflows surge - JPM
Commodity market open interest hits six-month high as oil and copper inflows surge. The estimated value of open interest across global commodity markets surged by 6% over the week to $71 billion. Inflows in crude oil amounted to $14 billion, the highest since September 2023. Prices of most metals are trading lower today.
Seeking Alpha · 03/20 10:35
Cleanup Costs For Teck's Elk Valley Mining, May Slow $9B Asset Sale To Glencore, Wildsight Reports
Wildsight estimates the selenium cleanup costs associated with Teck Resources coal mining activities in the Elk Valley region are much higher than anticipated. The cleanup cost could soar to at least $4.7 billion. The news could slow the $8.9 billion coal asset sale to Glencore pending regulatory approval.
Benzinga · 03/19 21:21
Teck Resources Ltd. Cl B Stock Falls Tuesday, Underperforms Market
Shares of Teck Resources Ltd. Cl B dropped 1.61% to C$59.13 Tuesday. The company closed short of its 52-week high of C$66.04. The S&P/TSX Composite Index rose 0.11% to 21,860.58. Trading volume of 1.3 million shares eclipsed its 50-day average.
MarketWatch · 03/19 20:35
Cleanup of Teck's Elk Valley could cost at least C$6.4B, environmental group says
Cleanup of Teck's Elk Valley could cost at least C$6.4B, environmental group says. Not-for-profit group Wildsight says cleanup cost of toxic materials released by coal mining could total at least $4.7B. Teck Resources says Wildsight's estimates are inaccurate and underplayed the problem.
Seeking Alpha · 03/19 15:51
Canadian miner Teck's Elk Valley clean up could cost at least C$6.4 bln, environment group says
Canadian miner Teck's Elk Valley clean up could cost at least C$6.4 bln, environment group says. Selenium has been leaching from waste rock surrounding Canadian miner's coal mines. The element is toxic to fish in high concentrations. Teck has set aside a bond of C$1.9 billion for the clean up.
Reuters · 03/19 12:00
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About TECK
Teck Resources Limited is a Canada-based mining company that operates in copper, zinc, steelmaking coal and energy segment. The Company’s operations and projects include Antamina, Cardinal River, Carmen de Andacollo, Elkview, Fording River, Fording River Extension, Fort Hills, Galore Creek Project, Greenhills, Highland Valley Copper, HVC 2040, Line Creek, NewRange Copper Nickel, NuevaUnion, Quebrada Blanca, Quebrada Blanca Phase II, Quintette Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a large copper and zinc mine, located in the Andes Mountain range of Peru. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile. The Fording River Extension Project is located adjacent and to the south of Teck’s existing Fording River Operations. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.