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Teck Resources Newsroom
Economic 'soft landing' combined with the wave of AI demand! Is there hope for the copper stocks to open up room for growth?
With the unexpected 50 basis point rate cut by the Federal Reserve, there has been a shift in the previously intense debate about whether the US economy will experience a "hard landing". The copper sector rose nearly 2% overall yesterday, showing strong performance.
Shares of Copper Stocks Are Trading Higher Amid a Rise in the Metal's Price After the Fed Cut Rates by 50 Basis Points at the FOMC Yesterday.
Will copper prices soar in the long term? BHP Group Ltd: The AI wave will intensify the copper shortage.
①Although the global copper market is currently in a stage of weak demand, mining giant BHP Group Ltd warns that future copper demand will soar to a large extent due to the wave of artificial intelligence; ②BHP Group Ltd warns that copper is a key metal in the transition to clean energy, and the development of artificial intelligence will exacerbate the copper shortage problem.
Teck Resources To Go Ex-Dividend On September 13th, 2024 With 0.09323 USD Dividend Per Share And 0.37295 USD Special Dividend Per Share
September 11th (Eastern Time) - $Teck Resources(TECK.US)$ is trading ex-dividend on September 13th, 2024.Shareholders of record on September 13th, 2024 will receive 0.09323 USD dividend per share
Europe Natural Resources Fund: Global stock markets are beginning to experience sharp declines. Buy gold in segments after each sharp decline.
It is possible that the US stock market will peak this month (if Trump is elected, there may be a honeymoon period of about six months for the US stock market), and gold may be used as a cash machine, bringing down the price of gold when the stock market falls.
RBC Capital Maintains Teck Resources(TECK.US) With Buy Rating, Cuts Target Price to $62.48
RBC Capital analyst Sam Crittenden maintains $Teck Resources(TECK.US)$ with a buy rating, and adjusts the target price from $64.86 to $62.96.According to TipRanks data, the analyst has a success
New Buy Rating for Teck Resources (TECK), the Basic Materials Giant
Teck Resources Ltd. Price Target Cut to C$85.00/Share From C$88.00 by RBC Capital
Teck Resources Ltd. Is Maintained at Outperform by RBC Capital
RBC Capital Markets Outlines Estimate Changes for North American Base Metals Companies
Is lowering interest rates by 25 basis points the main trend? What kind of assets should you bet on?
Ahead of the upcoming September FOMC meeting, the market is highly focused on the last non-farm payroll data, as this data will have a decisive impact on future recession risks and the extent of the Fed's interest rate cuts. The market is debating whether the Fed will cut rates by 25 basis points or 50 basis points, especially after Powell reiterated the importance of the labor market in policy decisions at the Jackson Hole meeting, attracting attention to the possibility of rate cuts. However, the market's reaction has not formed a unified trend, and the performance of various assets has also varied. As of now, the probability of a 25 basis point rate cut reflected by CME interest rate futures has risen to 71%, while the expectation of a 50 basis point rate cut has fallen to 29%. At the same time, the 10-year US Treasury yield remains at 3.7%, gold has fallen after significant volatility, US stocks have fallen again, and the US dollar index has seen a slight increase. This indicates a significant divergence
Soochow: Both the large and small non-farm payrolls in the USA have recorded data below expectations, with a weak labor market driving a decline in industrial metals.
This Friday, Federal Reserve Director Waller reiterated the necessity of "preemptive rate cuts" in his last public speech before the September meeting. Soochow Securities believes that the Federal Reserve is currently reducing its tolerance for labor market weakness and sending a signal of continuity for future interest rate cuts.
S&P 500 Futures Steady In Premarket Trading; Credo Tech Group, Frontier Comms Parent Lag
Market Chatter: Codelco Offers $500 Million for 10% Stake in Chile Copper Mine Operated by Teck Resources
Teck Resources Price Target Raised to $78.00/Share From $76.00 by UBS
Teck Resources Analyst Ratings
Teck Resources (TECK): New Buy Recommendation for This Basic Materials Giant
UBS Upgrades Teck Resources to Buy From Neutral
UBS Initiates Teck Resources(TECK.US) With Buy Rating, Announces Target Price $57.74
UBS analyst Myles Allsop initiates coverage on $Teck Resources(TECK.US)$ with a buy rating, and sets the target price at $57.58.According to TipRanks data, the analyst has a success rate of 66.7%
Express News | According to sources, Chile's national copper company, Codelco, has proposed investing $0.5 billion in the equity of Quebrada Blanca, a critical copper mine in Chile operated by Canadian mining company Teck Resources Ltd.