Headquartered in Vancouver, Canada, Teck Resources Limited (TECK) explores for, acquires, develops, and produces natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company’s principal products include steelmaking coal, copper, gold, blended bitumen, lead, silver, molybdenum, zinc and zinc concentrates, chemicals, fertilizers, and other metals. It also produces indium and germanium.
Commodity prices have surged so far this year due to the rising demand, and supply disruptions. Supply is expected to be disrupted further due to the Ukraine-Russia war and extended COVID-19 lockdowns in China. However, the Biden Administration's infrastructure bill is focusing on improving the country’s creaking infrastructure, which is expected to increase the demand for various metals. So, metal prices are expected to remain inflated, and the rising demand and prices of TECK’s products should benefit the stock.
