Teck Resources Reports Strong Copper and Zinc Production for 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2025
0mins
Should l Buy TECK?
Teck Resources Ltd (TECK) has seen its stock rise by 3.00% as it reaches a 52-week high.
The company reported a copper production of 453,500 tonnes for 2025, aligning with prior guidance, and zinc production of 565,000 tonnes, exceeding expectations. Additionally, Teck anticipates $295 million in positive pricing adjustments for Q4 due to rising base metal prices, which will enhance its financial performance. The company reaffirmed its production guidance for 2026 to 2028, demonstrating confidence in its operational strategy.
This strong performance in production and pricing adjustments is likely to attract more investor interest, especially following the recent upgrade to an overweight rating by analysts, which sets a price target of $51.21.
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Analyst Views on TECK
Wall Street analysts forecast TECK stock price to fall
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 58.910
Low
39.62
Averages
45.92
High
51.87
Current: 58.910
Low
39.62
Averages
45.92
High
51.87
About TECK
Teck Resources Limited is a resource company that operates a portfolio of copper and zinc operations across North and South America. The Company’s projects include the Highland Valley Copper (HVC) Mine Life Extension Project, Galore Creek Project, Zafranal Project, and NuevaUnion. The HVC Mine Life Extension is located at the HVC site, approximately 17 kilometers (km) west of Logan Lake and 75 kilometers southwest of Kamloops. The Galore Creek Project is situated in Tahltan Territory in northwestern British Columbia, around 370 km northwest of Smithers. The Zafranal Copper Project lies in the Arequipa Region of southern Peru, within the prolific porphyry copper belt. The NuevaUnion Project is a undeveloped copper-gold-molybdenum mining venture in the Americas, located in Chile’s Atacama Region; its two deposits are about 40 km apart. Its Red Dog Operations is a zinc mine located approximately 170 km (105 miles) north of the Arctic Circle in northwest Alaska, near Kotzebue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rising Demand for Strategic Metal: Silver's importance has surged due to strong demand from solar panels, electronics, and electrification technologies, while mine supply has struggled to keep pace, leading to multiple years of production deficits and unprecedented price volatility.
- Future Outlook: The transaction is set to take effect on April 1, 2026, pending regulatory approvals, and is expected to further enhance BHP's competitive position in the global mining market.
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- Webcast Meeting: Following the earnings release, Teck will hold a webcast at 8:00 a.m. PT (11:00 a.m. ET), allowing investors and analysts to participate in a Q&A session via a designated phone line, enhancing engagement with stakeholders.
- Company Background: Teck is a leading Canadian resource company focused on responsibly providing metals essential for economic development and energy transition, boasting world-class copper and zinc operations that demonstrate strong market competitiveness.
- Investor Relations Contact: Teck's Investor Relations Coordinator Ellen Lai and Media Contact Dale Steeves have provided their contact information to ensure timely access to information for investors and media, thereby enhancing transparency and trust.
See More
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- Current Control of Critical Minerals: China controls 60% to 90% of the global critical mineral processing market, particularly in missile defense and energy infrastructure, which creates vulnerabilities for the US and its allies, compelling them to take action to ensure supply security.
- US Policy Shift: President Trump launched the $12 billion Project Vault to stockpile critical minerals, while Congress passed the Critical Mineral Dominance Act, marking a significant step in breaking China's control over mineral supply chains and expected to boost domestic mining and refining sectors.
- Surge in Copper Demand: Copper demand is projected to rise by 50% to 42 million metric tons by 2040, while supply is expected to decline by 7%, leading to a 10 million ton shortfall, particularly driven by emerging technologies like AI and electric vehicles, intensifying the demand for copper.
See More
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- EBITDA Growth Expectations: Analysts anticipate that operational normalization at key assets could add $1.2 billion in EBITDA, while organic growth from the Collahuasi and Quellaveco copper assets could contribute an additional $1.4 billion in EBITDA over the next 5-7 years, significantly enhancing the company's profitability.
- Strategic Synergies: The Los Bronces-Andina copper joint venture is expected to unlock over $5 billion in value through synergies and capital deferral, significantly boosting Anglo American's net present value, while the Minas Rio iron ore joint venture has the potential to double production capacity and reduce unit costs, generating an estimated $4 billion NPV.
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