Clip on market comoditiesDon Lindsay of Teck.B (TCK.B) Relative to coal, copper and iron ore. Two of three for NCU. BNN clip this AM.
Bullish as expected with good reason.
Coal cost of prod=$100/ton--price=$200
Iron ore--they want in, but not willing to pay high price for a producing Co. Fabulous profits.
Copper-- Very high demand in China, with about 30% of it going into the electric power generating. All big copper producers averaged 15% lower production this year.
Copper & iron ore big for NCU and the price in year 2015 should still be OK.