Teck Resources is a diversified natural resources company based in Canada with significant copper mining operations. CEO Jonathan Price made some eye-catching comments about the tariff situation overnight: He said tariffs would “drive up inflation and encourage companies to sell outside of the US” and that the US is making economic decisions “without adults in the room”—he doesn’t sound like a fan of President Trump. However, with the US only accounting for ~14% of the miner’s revenue last year tariffs shouldn’t have a massive impact on the Vancouver-based company.
- We can see TECK testing $US50 if the Cu price can add to its strong overnight recovery after initially hitting 12-month lows.
MM is bullish TECK
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