$TECK

Teck Resources Ltd. CEO Jonathan Price called for increased investment in mining infrastructure, highlighting areas like the Ring of Fire and Golden Triangle. He emphasized the need for better electricity grids, transportation, and port access. Prime Minister Mark Carney discussed streamlining project approvals to attract investment. Cameco Corp. and Agnico Eagle Mines Ltd. CEOs also participated, with Agnico's CEO noting potential challenges in permitting processes.

Copper prices stabilized on Friday, with LME copper at $14,233/tonne and US copper at $6.55/pound. Copper-tracking fund CPER rose 0.36%. Southern Copper and Freeport-McMoRan slipped slightly, while Nexa Resources and Teck Resources gained. The market reacted to a stalled US tariff proposal on refined copper, which had previously driven a rally. Chile and Peru remain key copper producers, with Chile expecting a 2.6% output decline in 2026. Upcoming events include China's industrial production dat

S&P Dow Jones will update eligibility rules for Canadian S&P/TSX indices, potentially allowing Anglo-Teck, a future copper producer formed by Anglo American and Teck Resources, to be included. The new rules, effective December 21, 2026, permit foreign issuers with significant Canadian ties to join, even if not legally incorporated there. Anglo-Teck, headquartered in Canada, is expected to qualify.

S&P Dow Jones Indices will now allow foreign-domiciled companies with significant Canadian exposure to join S&P/TSX indexes. The change, effective December 2026, includes full float-adjusted market-cap weighting. Teck Resources (TECK) will remain in TSX indexes post-merger with Anglo American (AAL.L).

Copper prices hit record highs, with LME at $14,779/ton and NY futures at $3.74/lb, up 24% YTD. Frank Holmes of U.S. Global Investors (GROW) attributes this to supply constraints, not tariffs. Global mine production fell 1.1% H1 2026, with Chile's output at 19-year lows. Morgan Stanley (MS) now expects flat or lower production, the first annual decline since 2017. Demand is rising due to AI data centers and electricity infrastructure, with S&P projecting a 50% increase by 2040. Copper mining sto

Copper prices swung after reports of potential U.S. tariffs, affecting major producers. Gold and other metals showed mixed movements. Osisko Metals reported high-grade copper in Quebec, while Troilus Gold updated its Quebec project with a $3.2B NPV. Mining companies dominate the TSX30, raising significant capital.

Metals and mining stocks fell sharply as copper, gold, and silver prices dropped. Copper prices declined 5.3% after reports that the White House delayed copper tariffs. Freeport-McMoRan (FCX) fell 7%, Teck Resources (TECK) dropped 6%, and Southern Copper (SCCO) lost 6%. Gold and silver also saw significant declines, with gold down 1.6% and silver down 5.9%. The selloff follows a strong August rally for mining stocks.

Copper prices and U.S. miners fell after Reuters reported the White House is undecided on tariffs for refined copper. Comex copper futures dropped 4.4% to $6.59/lb. Freeport-McMoRan (FCX) fell 7.2% to $70.78. Teck Resources (TECK), Hudbay Minerals (HBM), and Rio Tinto (RIO) also declined. Tariffs could boost U.S. copper production but raise costs for manufacturers and consumers.

Copper prices fell due to U.S. tariff uncertainty, while uranium held near US$90/lb. Seventeen mining companies are on the 2026 TSX30, with notable gains from Montage Gold, Avino Silver, and others. New assays were reported from Moss, Red Lake, and Hemlo projects. The Anglo American-Teck deal awaits Chinese approval, highlighting political risks in mining M&A.

Copper miners like Freeport-McMoRan (FCX) and Southern Copper (SCCO) are experiencing significant declines, with FCX down over 6% in a session and 4% in a week. Copper prices, which impact miner earnings, have pulled back, affecting equity values. Despite recent gains, the selloff highlights potential risks in the copper market, which is tied to infrastructure and technology demand.