Copper prices (HG=F) have soared to an 11-month high, fueling a rally in mining stocks. RBC Capital Markets Mining Analyst Sam Crittenden joins Yahoo Finance Live to discuss his bullish outlook on the precious metal. According to Crittenden, the copper rally "has been expected for a few months now." He highlights that supply disruptions during the fourth quarter of 2023 transformed what was anticipated to be a surplus in 2024 into a deficit, which has "driven these higher prices." While sluggish demand from regions like China has been a concern, he notes that as the summer construction season approaches, typically a "strong period," demand concerns could potentially abate, driving copper prices even higher. However, Crittenden explains that the energy transition stands to be the biggest driver of copper demand going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today the release of our 23rd annual Sustainability Report, highlighting our performance in 2023 and progress in key areas including climate and nature. “At Teck, we are committed to responsibly producing the critical minerals the world needs to create a low-carbon future,” said Jonathan Price, President and CEO. “Teck is working to further strengthen our
Teck Resources Ltd (TECK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.