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Teck Resources: Copper Is The Future

Graham Grieder profile picture
Graham Grieder


  • Copper may see some weakness in 2022, but it will be limited and will rebound in 2024 and beyond.
  • Teck is on schedule with QB2, and that will double their production in 2023 which will help drive growth.
  • Teck is ahead of the game with their QB2 project and shareholders will be rewarded handsomely as the project comes online.
  • Teck could see some further downside here in the short term, but the stock is headed for $41 in the long term.

Pile of Scrap Copper Rod

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Teck Resources (NYSE:TECK) has taken investors on a wild ride over the last couple of years. Anyone who has held it and has ridden all the ups and the downs knows exactly what I'm talking about. Yet, the

This article was written by

Graham Grieder profile picture
A finance graduate from the University of Alberta. I have developed a trend-following strategy backed by solid fundamentals. Removing emotion from the situation is the hardest, yet most important lesson to learn.-"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TECK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (5)

Teck seems to be holding well! Hope it can break 52 weeks high by year end or in next Jan! Happy holidays everyone! Stay safe, healthy and happy!
Thank you for the article I agree copper, graphite & helium for the long run
after QB@ ramps up to full production, will they be in the top 5 of producers on the world market??
Alfgolf profile picture
@Geosands no.. Perhaps top 10...After QB3 in 5 years is QB3 a Top 5 mine in the world...
@Alfgolf thanks for the info and expertise. just trying find the best copper leverage for the next 2-5 years
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