Morningstar
•
Apr 30, 2026
Teck Resources Limited: Teck Earnings: Benefitting From Favorable Copper and Zinc Prices
Symbols
TECKSector(s)
Basic Materials
Rating
Current Price
57.95
Fair Value
Economic Moat
Stewardship
Summary
Teck is a base metals miner with copper and zinc operations in Canada, the United States, Chile, and Peru. After selling its metallurgical coal business, copper is now its major commodity by EBITDA contribution, followed by zinc. Teck is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck’s attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck’s strategy is to rebalance its portfolio to low-car
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