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Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s):  TCKRF | TECK | T.TECK.B

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek Project, NorthMet Project, Mesaba Project, NuevaUnion Project, Red Dog, Sullivan Mine and Trail Operations. The Antamina mine is a copper and zinc mine, located in the Andes Mountain range, 270 kilometers north of Lima, Peru. The deposit is located at an average elevation of 4,200 meters. Its Carmen de Andacollo is located in the Coquimbo Region of central Chile at an elevation of 1,000 meters, approximately 350 kilometers north of Santiago. Its Galore Creek is located within the territory of the Tahltan in northwestern British Columbia, approximately 150 kilometers northwest of Stewart.


TSX:TECK.A - Post by User

Post by DoubleManon Jun 22, 2009 10:15am
370 Views
Post# 16088462

7% drop...shorts are in control today.

7% drop...shorts are in control today.With over 40 milliom short shares ....it's no wonder that the stock is tanking today on some negative market news....

The stories are still circulating about China reducing demand of copper....if that was the case then copper supplies at LME would be showing that number...in fact it is not.....each day copper inventories at LME continue to shrink....as China and India help themselves with declinging prices....

Like I mentioned before ....by the time Europe and North America get their internal stimulus packages underway....the supply of copper is going to be limited and these countries will be forced to pay premium prices as China and India had grabbed the lion's share a reduced prices since the world is being told that copper demand is declining....typical ploy.

https://www.kitcometals.com/charts/copper_historical_large.html#lmestocks_6months

I have attached the Kitco link for the 6 month inventory chart on copper.....
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