Topic: How To Invest

The Successful Investor Hotline – Friday, November 25, 2016

Article Excerpt

TECK RESOURCES LTD., $34.84, Toronto symbol TCK.B, is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc. The company continues to benefit from China’s decision in March 2016 to reduce the number of days per year that each coal mine in that country can operate. That has cut coal supplies and pushed up prices. As a result, Teck now expects coal prices in the fourth quarter of 2016 will range from $200 U.S. to $205 U.S. a tonne. That up from its earlier estimate of $185 U.S. The company still expects to sell 6.5 million tonnes in the quarter, unchanged from its original forecast. Teck has also agreed to buy the 70% of AQM Copper Inc. (Toronto symbol AQM) that it doesn’t already own. That company’s main asset is its 30% stake in the Zafranal copper-gold discovery in southern Peru. This project could produce 3.1 billion pounds of copper and 484,000 ounces of gold over…

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