RE:Trump 2 Trillion Dollar Infrastructure tweet plus China I think regardless of fiscal stimulus, short term, be it China or USA, the base metals space is bound to do well; copper pipeline is not that full, zinc is costly to bring online, as far as new production, moly is really just a byproduct these days, so if anything, it just adds to the unit profit metrics, and premium coke is not all that abundant. With China and India both growing middle class at numbers that western economies could only dream of, regardless of "good" or "bad" chinese growth numbers, cheap operators like Teck are bound to make money. Globally speaking, limited pipeline, expensive or volatile jurisdictions for new projects, lack of willing capital, and the ever-so-volatile geopolitics all add up to a perfect storm for Teck and peers over the next decade, IMO. Things like electrification of renewable grid and transportation are just a topper for copper and such, so if the green uptake accelerates, so will copper demand, and many alloys to go with it. We can't do without oil for at least another half century or more, we certainly can't do without nat gas for at least that long or probably longer, but we definitely can't do without copper and steel. All those fancy wood-framed multi-storey engineered tinder boxes will not replace concrete and steel building construction, except maybe in some of the leftist jurisdictions. They'll either burn, rot, crumble, or get blockaded by tree huggers, sooner or later ;)
just ranting, of course.. good day to all