- Investopedia•4 hours ago
Teck Resources, the world's second-biggest exporter of metallurgical coal, wants what it once had: An investment-grade credit rating.
- Reuters•22 hours ago
Steelmaking coal prices, which have more than doubled this year, could stay high for several quarters as supply from mines that have restarted take time to reach the market, an executive at Teck Resources Ltd, the world's second-largest exporter, said on Tuesday. Current spot prices of above $200 a tonne are unsustainable, and the Canadian miner expects prices to settle between $100 and $200 a tonne, Greg Waller, Teck's vice president for investor relations and strategic analysis, told Deutsche Bank's 24th annual leveraged finance conference in Scottsdale, Arizona. Hit by a slowdown in China's demand for steel, coal miners globally had been shutting down mines for the past three years as prices for steelmaking coal, also known as coking coal, dropped from more than $300 a tonne in 2011 to below $100 a tonne this year.
Teck Resources Limited (TCK)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||18.59 x 1800|
|Ask||18.60 x 1300|
|Day's Range||18.03 - 18.84|
|52wk Range||2.56 - 19.08|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-5.67|
|Avg Vol (3m)||7,689,806|
|Dividend & Yield||0.08 (0.42%)|