Rising coal prices should give Teck earnings a further boost

The Financial Post.com reports that there is speculation that the expected increase in coal prices will help to boost earnings for Teck Resources. (NYSE:TCK)

The editorial is quoted as saying:

Mr. Hughes said the onset of winter usually brings a period of higher met coal pricing on the spot market and this year is no different, for one because very heavy rains in Queensland, Australia continue to limit the supply of met coal into the seaborne market of which Teck is a major supplier.

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