Teck Resources Ltd Class B (Sub Voting)

TECK.B: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 87.00	Xldmx	Dvvylvtlq

Mined Commodities Are Essential to the Economy, but Moats Are Rare

Jon Mills ,

Mar 18, 2024

Demand growth from China has been the main driver of rising commodity prices in the past two decades. More recently, though, most commodity prices have fallen from highs set with Russia’s invasion of Ukraine, the subsequent sanctions on Russia, and the rerouting of supply chains. Prices, nevertheless, are generally elevated versus the 20-year average, as well as relative to cost support.

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