Bullboard - Stock Discussion Forum Teck Resources Ord Shs Class A T.TECK.A

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

Metals & Mining Industrial Metals & Minerals

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... see more

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Teck Resources Ord Shs Class A > Looking to Buy

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Post by riddle5 on Jan 06, 2023 11:59am

Looking to Buy

Anyone know why Teck has moved nearly 10% in the past 2 days? It was trading around high 48 just yesterday morning. Would appreciate if someone can tell me the reason for this move and or if there is still more legs on this momentum.

Thanks to all in advance that provide some insight!

Cheers
GLTA

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Comment by jrj90620 on Jan 06, 2023 2:45pm

I believe it's because of China.Thinking is that China is coming out of it's covid slowdown and will be stimulating the economy.Also,you have infrastructure spending coming in the U.S. along with demand for copper,since everything seems to be going electric.There's going to be huge demand for copper,used in EVs and EV charging stations.Also,QB2 should be starting up soon,which will ...more

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