Monday, February 14, 2011

Teck Resources (NYSE:TCK) Led by Red Dog, Zinc in 2011?

Most investors know the value Teck Resources (NYSE:TCK) is getting from its copper and metallurgical coal assets, but they are about to come on strongly with its zinc asset via its Red Dog mine, where production is ready to crank up.

Zinc for the most part is used to galvanize iron and steel. Teck's metallurgical coal goes primarily to Chinese steel mills and copper of course to electrical and housing.

Another benefit of the Red Dog mine is it has lead as a byproduct, which is used in infrastructure projects, tin substitute in soldering, and car batteries.

Those charting tin also see a head and shoulders pattern which suggest it's ready to breakout sometime soon.

Teck Resources closed Friday at $58.81, gaining $0.13, or 0.22 percent.

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