Teck Resources Ltd Class B (Sub Voting)
TECK.B: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| #K! | LOCK|z! | LOCK|c%g<@$ |
Teck Shares Driven by the Booming Copper Price and Its Upcoming Merger With Anglo American
Business Strategy and Outlook
China plays a defining role for Teck Resources as the biggest buyer of everything the company digs out of the ground: copper, zinc, and lead. With the exception of lead, demand for these commodities is tied to fixed-asset investment. We expect a rebalancing of China's economy from investment to household consumption will mean weaker demand growth for investment-oriented commodities and lower prices.
