Teck Profit Jumps as Commodity Prices Soar

Reuters reports that the Canadian mining giant Teck’s (NYSE:TCK) quarterly profit rose 76 percent as demand and prices rise for copper, coal and other commodities.

The market news is quoted as saying:

Copper recently touched a new record of $10,160 a tonne, as a flurry of positive economic data, along with growing fears of supply constraints led fund managers to invest heavily in the metal, which is widely used in manufacturing and construction.

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https://www.reuters.com/article/2011/02/08/teckresources-idUSN0827468520110208