Teck Resources Ord Shs Class A T.TECK.A

RE: Looks like preparing to dump???

[cartach13]

Zinc prices up! Shorter term - production losses of 3100+ tons /day from refineries in China due to electrical power outages because of weather. Longer term - Imposition of new export taxes on refined zinc and cancellation of existing 5% export tax rebate on refined zinc by China. According to what I've read these steps were taken to slow investment growth in zinc smelting projects and help curtail the country's huge trade surplus and so doing will significantly reduce China's zinc exports,,tighten global supply and dramatically increase both global zinc prices and zinc concentrate prices because of the quantities involved. Plus, Teck is involved heavily in metallurgical coal and price projections for that commodity are increasing significantly as contract signing season approaches. I sold my Teck shares in Dec./07 for $35.42 at a profit, basically because of upcoming Jan. buying and selling of metals by commodity indexes and hedge funds and I wanted to take money off the table until the dust had settled. Then came the big drop because of the sub prime mortgage crisis and I bought back in at my previous position for $29.80 on Jan.18/08. I think things look better for the upside at this point rather than the downside,and that the recent SP increases are an indication that things are back to "normal". JMO.