Bunge Limited BG reported fourth-quarter 2021 adjusted earnings of $3.49 per share, which surpassed the Zacks Consensus Estimate of $3.05 by a margin of 14%. The bottom line improved 14% year over year aided by improved performances in Agribusiness and Refined & Specialty Oils.Including one-time items, the company posted earnings per share of $1.52 in fourth-quarter 2021 compared with $3.74 in the year-ago quarter.Net sales were $16.7 billion in the quarter under review, up 32% from the year-ago quarter’s $12.6 billion. The top line beat the Zacks Consensus Estimate of $15.5 billion.Cost of sales was $16 billion in the fourth quarter surged 37% from the prior year. Gross profit plunged 24% year over year to $689 million. Selling and administrative expenses were $338 million, which decreased 7% year over year. Adjusted segment operating profit was $680 million, reflecting year-over-year growth of 17% from $583 million in the year-ago quarter. Operating margin was 4.1% compared with 4.6% in the fourth quarter of 2020.

Bunge Limited Price, Consensus and EPS Surprise

Bunge Limited Price, Consensus and EPS Surprise

Bunge Limited price-consensus-eps-surprise-chart | Bunge Limited Quote

Segment Performance

Agribusiness: The segment’s sales were $12.3 billion compared with the prior-year quarter’s $9.4 billion. Adjusted segment operating profit improved 19.5% year over year to $595 million. Results were aided by strong execution throughout the value chains.Refined & Specialty Oils: The segment’s sales improved 39% year over year to $3.76 billion in the fourth quarter. The segment reported an adjusted operating profit of $154 million in the quarter, against the year-ago quarter’s $112 million aided by higher margins in North America and Europe, which benefited from strong food and fuel demand. However, results in South America and Asia were down due to lower margins and volumes.Milling: The segment’s sales increased 20% year over year to $517 million in the fourth quarter. The segment reported an adjusted operating profit of $17 million in the quarter, down from the year-ago quarter’s $26 million. Improved results in North America were offset by weak results in Brazil due to lower margins.Sugar & Bioenergy: Net sales soared 371% year over year to $80 million. Adjusted operating profit was $20 million in the quarter, a 26% decline year over year as lower ethanol volume offset higher sugar and ethanol prices.

Financial Position

Cash and temporary investments aggregated $902 million as of the fiscal 2021 end compared with $352 million as of the end of fiscal 2020. At the end of 2021, its long-term debt was at around $4.8 billion, up from $4.4 billion as of 2020-end. Cash flow used in operating activities was $2.9 billion in 2021 compared with $3.5 billion in the prior year.

Fiscal 2021 Performance

For fiscal 2021, Bunge Limited’s adjusted earnings was $12.93, which beat the Zacks Consensus Estimate of $12.46. Earnings was 56% higher than the prior fiscal. Including one-time items, the company’s earnings was $13.64 per share in fiscal 2021 compared with $7.71 in fiscal 2020.Total revenues surged 43% year over year to around $59.2 million, which surpassed the Zacks Consensus Estimate of $57.3 million.

Fiscal 2022 Outlook

Bunge Limited expects a favorable market environment to continue in 2022. The company projects adjusted earnings per share of at least $9.50 per share in 2022. If achieved, it would be the second-highest operational performance in the company's recent history.In Agribusiness, results will be down from a record 2021, due to lower results in Merchandising and softseed crushing, which had exceptionally strong prior years. Refined and Specialty Oils, full-year results are expected to be higher than 2021 driven by strong demand from food and fuel in the North American and European businesses. In Milling, full-year results are expected to improve year over year on the back of improved market conditions in Brazil. In Non-Core, full-year results in the sugar and bioenergy joint venture are expected to be in line with 2020.

Price PerformanceZacks Investment Research

Image Source: Zacks Investment Research

Shares of Bunge Limited have gained 30% over the past year, compared with the industry's rally of 10.3%.

Zacks Rank & Other Stocks to Consider

Bunge Limited currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Some other top-ranked stocks in the basic materials space include Commercial Metals Company CMC, Teck Resources TECK and Huntsman Corporation HUN. While CMC and TECK sport a Zacks Rank #1, HUN carries a Zacks Rank #2 (Buy).Commercial Metals has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised upward by 23% over the past 60 days.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13.1%. CMC’s shares have surged around 61% in a year’s time.Teck Resources has an expected earnings growth rate of 14.3% for the current year. The Zacks Consensus Estimate for TECK’s current-year earnings has moved up 22% in the past 60 days.Teck Resources beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 17.4%. TECK has rallied around 83% in a year.Huntsman has an expected earnings growth rate of 10% for the current year. HUN's consensus estimate for the current year has been revised upward by 1% over the past 60 days.Huntsman beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 12.8%. HUN shares have appreciated around 32% in a year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bunge Limited (BG) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report Huntsman Corporation (HUN) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

(Bloomberg) — BHP Group Plc shares slipped on their last trading day as an FTSE 100 member as the miner’s near quarter-century association with the benchmark draws to a close.

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London Stock Exchange Group Plc’s FTSE Russell unit confirmed this week that the company would be replaced in the index by Airtel Africa Plc, effective Jan. 31, following BHP’s decision to unify its structure in a single listing in Sydney.

The firm has had a presence on the U.K. blue-chip gauge since 1997, when Britain’s Billiton Plc was added to the index, according to FTSE Russell records. Billiton merged with Australia’s BHP Ltd. in 2001, creating a mining giant.

With a market capitalization of about 124 billion pounds ($166 billion), BHP’s exit sees the FTSE 100 lose its third-largest stock, with only energy firm Shell Plc and drugmaker AstraZeneca Plc worth more.

BHP says its share unification will make the company more agile, while the firm is considering a return to large-scale M&A, Bloomberg has reported.

BHP shares were down 1.3% to 2,411 pence at 9:30 a.m. U.K. time. When Billiton joined the index on Sept. 22 1997, the shares closed at 216 pence, according to data compiled by Bloomberg.

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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has BASF SE (BASFY) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.

BASF SE is a member of the Basic Materials sector. This group includes 246 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BASF SE is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for BASFY's full-year earnings has moved 5.5% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, BASFY has returned 8.7% so far this year. At the same time, Basic Materials stocks have gained an average of 7.3%. This means that BASF SE is outperforming the sector as a whole this year.

Another stock in the Basic Materials sector, Teck Resources Ltd (TECK), has outperformed the sector so far this year. The stock's year-to-date return is 10.7%.

Over the past three months, Teck Resources Ltd's consensus EPS estimate for the current year has increased 26.8%. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, BASF SE is a member of the Chemical – Diversified industry, which includes 40 individual companies and currently sits at #98 in the Zacks Industry Rank. Stocks in this group have gained about 12.4% so far this year, so BASFY is slightly underperforming its industry this group in terms of year-to-date returns.

On the other hand, Teck Resources Ltd belongs to the Mining – Miscellaneous industry. This 51-stock industry is currently ranked #162. The industry has moved +9.3% year to date.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to BASF SE and Teck Resources Ltd as they could maintain their solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BASF SE (BASFY) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

VANCOUVER, British Columbia, Jan. 27, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided select unaudited fourth quarter and 2021 sales and production results in light of the impacts of recent logistics disruptions in British Columbia, Canada, as well as an update on the ongoing impact of COVID-19 across the business, and commentary regarding the outlook for 2022.

Strong steelmaking coal pricing and increased sales should result in strong cash flow in H1 2022Demand for our steelmaking coal remains strong and the FOB price has risen from US$356 per tonne at the end of December to US$445 per tonne. At the same time, record high clean coal inventories at our mines are expected to result in sales exceeding production by 1.2 – 1.5 million tonnes in 2022. The strong pricing environment and increased sales volumes should result in strong cash flow in the first half of 2022.

Weather conditions have affected logisticsSince our last guidance update on December 5, 2021, weather conditions have continued to negatively affect infrastructure recovery efforts in B.C. Interruptions and substantial reductions to rail service and port activities persisted from mid-November into the first two weeks of January as extreme cold-weather conditions followed heavy rains and mudslides, which affected critical transportation corridors. The provincial state of emergency declared on November 17, 2021 was lifted on January 18, 2022.

Steelmaking CoalAs a result, our realized fourth quarter steelmaking coal sales were 5.1 million tonnes, slightly below the low end of our previously revised guidance of 5.2 – 5.7 million tonnes. Our 2021 steelmaking coal production was 24.6 million tonnes, within our previously revised guidance of 24.5 – 25.0 million tonnes. Strong logistics chain performance leading up to the heavy rain events, including at our expanded Neptune port facility, resulted in historically low clean steelmaking coal inventories at our operations, mitigating impacts on production volumes. However, due to ongoing weather-related logistical challenges which have continued through January, clean steelmaking coal inventories at our mine sites are currently near record-high levels. Further transportation disruptions have the potential to require production cutbacks to manage inventory levels. CN and CP reported meaningful progress on recovery in mid-January, with demonstrable improvements to train fluidity last week. We expect to substantially recover delayed fourth quarter sales in the first half of 2022.

Despite the fourth quarter impacts of rail and port disruptions on sales, 2021 unaudited adjusted site cash cost of sales1 and transportation costs are $65 and $44 per tonne, within our previous guidance ranges of $64 – $66 and $44 – $46 per tonne, respectively. Logistics challenges and inflationary pressures drove higher fourth quarter adjusted site cash cost of sales1 and transportation costs of $72 and $49 per tonne, respectively, above the upper range of our annual guidance.

Increased costs in the fourth quarter were more than offset by continued strong prices. Realized steelmaking coal prices1 in the fourth quarter averaged US$351 per tonne. The increase in steelmaking coal prices from the third quarter further resulted in positive pricing adjustments of approximately $70 million.

(1) This is a Non-GAAP Ratio. See Non-GAAP Ratio section of this news release.

CopperThe logistics chain disruptions had minimal impact to production at Highland Valley Copper, though the disruptions did result in sales of copper in concentrate from the operation being 5,600 tonnes lower than production in Q4 2021. The shortfall in sales versus production volumes at Highland Valley Copper was partially offset by strong sales at our other operations, and total copper in concentrate sales were only 1,500 tonnes lower than production in the fourth quarter.

Overall, inflationary pressures and workers’ participation related to strong copper prices resulted in fourth quarter net cash unit costs1 of US$1.52/lb for the copper business unit.

(1) This is a Non-GAAP Ratio. See Non-GAAP Ratio section of this news release.

COVID-19The recent surge in COVID-19 cases has the potential to have a negative impact on our operations. An increase in cases in southeastern British Columbia has resulted in rising absenteeism at our steelmaking coal operations in the Elk Valley. While the absenteeism has so far not had a major impact on production, the situation poses a risk to Q1 2022 production. However, in recent days we have seen some improvement, with the number of employees returning from COVID-19 isolation exceeding the number of new cases.

At our QB2 project in Chile we achieved our best quarter to date in Q4 with some of our strongest rates of progress in December. However, during January a significant rise in COVID-19 cases in Chile has resulted in an increase in absenteeism.

OutlookLike others in the industry, and as previously disclosed, we are seeing inflationary cost pressures, notably in diesel prices, supplies and labour costs. Increases experienced in fourth quarter operating results across our business are expected to continue into 2022.

Sustaining capital spending is expected to increase in 2022 over 2021 levels due to one-time projects, including the relocation of the maintenance and office facilities at the Elkview mine to allow access to the next phase of mining, a major smelter turnaround at Trail to replace the Kivcet furnace hearth at the end of its 20-year useful life, and our haulage truck rebuild program, inflationary pressures, and the inclusion of sustaining capital for QB2 for the first time. In total we expect these factors to increase 2022 sustaining capital by approximately $500 million over 2021 levels.

Construction on QB2 continues to progress as we position for start-up in the second half of the year. COVID-19 related capital costs have experienced ongoing cost pressures as a result of continued absenteeism and labour inefficiencies related to COVID-19 and contractual concessions have been required to manage these impacts on contractors. Given our experience with the sudden onset of Omicron, we have modified our prior assumptions and now assume that the impacts of COVID-19 will not end prior to the completion of construction. We are continuing to manage these costs and, to counter the adverse effects associated with construction in this environment, have put in place a variety of mitigation measures and incentives, many of which are aimed at attracting talent, employee retention and minimizing absenteeism. Based on our current assumptions, including with respect to exchange rates, we are updating our COVID-19 capital cost guidance to US$900-$1,100 million from our previous estimate of US$600 million. As noted previously, certain non-COVID-19 cost pressures related to weather and subsurface conditions, are currently estimated to require additional contingency of up to 5% of our capital estimate of US$5.26 billion, unchanged from our Q3 2021 guidance. We expect to spend approximately C$2.2 – C$2.5 billion of QB2 development capital on a consolidated basis in 2022, inclusive of COVID-19 capital.

Our fourth quarter and full year 2021 financial results are scheduled for release on February 24, 2022. We will issue our usual capital and operating guidance for 2022 at that time.

Forward-Looking StatementsThis news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “should”, “believe” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release.

These forward-looking statements include, but are not limited to, statements concerning: our expectation to substantially recover delayed fourth quarter steelmaking coal sales in the first half of 2022; expectations and projections regarding sustaining capital expenditures in 2022; expectations and projections regarding QB2 start-up timing and 2022 development capital expenditures; QB2 COVID-19 capital cost guidance; QB2 capital estimate and additional contingency expectations; expectation that steelmaking coal sales will exceed production in 2022; expectation that a strong steelmaking coal pricing environment and increased sales volumes should result in strong cash flow in 2022; and the potential impact of the COVID-19 on our business and operations, including our ability to continue operations at our sites and progress our projects and strategy.

These statements are based on a number of assumptions, including, but not limited to, assumptions regarding: general business and economic conditions; the supply and demand for, deliveries of, and the level and volatility of prices of steelmaking coal; availability of adequate transportation for our steelmaking coal; the availability of qualified employees and contractors for our operations and QB2 project; the outcome of our coal price and volume negotiations with customers; and our ongoing relations with our employees and with our business and joint venture partners. Assumptions regarding QB2 capital include assumptions regarding USD and CLP exchange rates and construction progress in 2022. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially. Factors that may cause actual results to vary materially include, but are not limited to, changes in commodity prices; changes in market demand for our products; changes in currency exchange rates; unanticipated operational and construction difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, adverse weather conditions and unanticipated events related to health, safety and environmental matters); impact of COVID-19 mitigation protocols; and failure of customers or counterparties (including logistics suppliers) to perform their contractual obligations.

The forward-looking statements in this news release and actual results will also be impacted by the effects of COVID-19 and related matters. The overall effects of COVID-19 related matters on our business and operations and projects will depend on how the ability of our sites to maintain normal operations, and on the duration of impacts on our suppliers, contractors, employees, customers and markets for our products, all of which are unknown at this time.

We assume no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our Annual Information Form for the year ended December 31, 2020, filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings that can also be found under our profile.

Non-GAAP RatiosOur financial results are prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. This document refers to a number of non-GAAP ratios, described below, which are not measures recognized under IFRS, do not have a standardized meaning prescribed by IFRS and may not be comparable to similar financial measures disclosed by other issuers. For more information see the section titled “Non-GAAP Financial Measures” in our most recent Management Discussion & Analysis, which is incorporated by reference herein and is available on SEDAR at www.sedar.com.

Adjusted site cash cost of sales per tonne is a Non-GAAP ratio comprised of adjusted site cash cost of sales/tonnes sold. There is no similar financial measure in our financial statements with which to compare. Adjusted site cash cost of sale is a Non-GAAP financial measure.

Realized steelmaking coal price per tonne is a Non-GAAP ratio comprised of adjusted steelmaking coal revenue/tonnes sold. There is no similar financial measure in our financial statements with which to compare. Adjusted steelmaking coal revenue is a Non-GAAP financial measure.

Net cash unit costs per pound is a Non-GAAP ratio comprised of adjusted cash cost of sales/payable pounds sold. There is no similar financial measure in our financial statements with which to compare. Adjusted cash cost of sales is a Non-GAAP financial measure.

About Teck As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com

New York, NY, based Investment company Zweig-DiMenna Associates LLC (Current Portfolio) buys Caterpillar Inc, Macy's Inc, Teck Resources, Broadcom Inc, SomaLogic Inc, sells PayPal Holdings Inc, Electronic Arts Inc, Analog Devices Inc, Snap Inc, Capri Holdings during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Zweig-DiMenna Associates LLC. As of 2021Q4, Zweig-DiMenna Associates LLC owns 117 stocks with a total value of $1.2 billion. These are the details of the buys and sells.

• New Purchases: CAT, M, TECK, AVGO, IIVI, WDC, BILI, CVE, SNOW, JD, STEM, MDB, ATUS, EXPE, BKR, TENB, MGM, COP, ABNB, TSLA, HUBS, IMAX, FLNC,

• Added Positions: SLGC, CRWD, RE, PANW, CDNA, STRS, S, S, CTOS, SMFR, PCRX, UBER, UHAL, COIN, MRO, LMACU, APTV, HES, BLFS, ZNGA, PROF, PTON,

• Reduced Positions: SNAP, SE, BAC, V, MA, COMM, GS, LESL, GOOGL, OXY, XOM, CFX, TJX, FB, BBWI, NKE, MRVL, TSM, AMZN, AMAT, MCD, AMD, NVDA, SHOP, STM, MU, NFLX, BABA, SHW, NOW, SI, DXCM, FRSH, FRSH, VSCO, TWLO, TDOC, HIIIU, AMBA, CFLT, BASE, MSFT, LOW, RXRAU,

• Sold Out: PYPL, EA, ADI, CPRI, AGCO, NVTA, MELI, CRM, SPLK, ADBE, LITE, OKTA, PLTR, TWTR, LUV, PAGS, EXAS, DDOG, TRIN, SNII.U, DAL, CSGP, WFC, FORG, SLAMU, SIMO, ESMT, ZION, CMA, HWC, SNV, UCBI, GIIXU, FHN, GSEVU, MYPS, ANAC.U, FCAX.U, ANZUU, LHC.U, LHC.U, CPUH.U, ITQRU, NAACU, RKLY, POWRU, ALIT, AAC.U, CLAS.U, GTX, REE, ACII.U, PNTM.U, CBAH, TWST, TSPQ.U, NSTD.U, HHLA.U, SCOBU, JOFFU, GHACU, MONCU, DLCAU, ADEX.U, PAYO, OACB, CONX, KAIRU, AKICU,

• Warning! GuruFocus has detected 6 Warning Signs with XOM. Click here to check it out.

• SLGC 15-Year Financial Data

• The intrinsic value of SLGC

• Peter Lynch Chart of SLGC

For the details of Zweig-DiMenna Associates LLC's stock buys and sells,go to https://www.gurufocus.com/guru/zweig-dimenna+associates+llc/current-portfolio/portfolio

These are the top 5 holdings of Zweig-DiMenna Associates LLC

Advanced Micro Devices Inc (AMD) – 307,801 shares, 3.58% of the total portfolio. Shares reduced by 7.41%

NVIDIA Corp (NVDA) – 144,469 shares, 3.43% of the total portfolio. Shares reduced by 7.14%

Microsoft Corp (MSFT) – 119,543 shares, 3.25% of the total portfolio. Shares reduced by 1.71%

Freeport-McMoRan Inc (FCX) – 820,040 shares, 2.76% of the total portfolio. Shares reduced by 0.9%

Bath & Body Works Inc (BBWI) – 448,140 shares, 2.53% of the total portfolio. Shares reduced by 10.48%

New Purchase: Caterpillar Inc (CAT)

Zweig-DiMenna Associates LLC initiated holding in Caterpillar Inc. The purchase prices were between $188.94 and $214.25, with an estimated average price of $201.63. The stock is now traded at around $213.090000. The impact to a portfolio due to this purchase was 0.98%. The holding were 59,000 shares as of 2021-12-31.

New Purchase: Macy's Inc (M)

Zweig-DiMenna Associates LLC initiated holding in Macy's Inc. The purchase prices were between $22.21 and $37.37, with an estimated average price of $27.38. The stock is now traded at around $26.060000. The impact to a portfolio due to this purchase was 0.92%. The holding were 433,000 shares as of 2021-12-31.

New Purchase: Teck Resources Ltd (TECK)

Zweig-DiMenna Associates LLC initiated holding in Teck Resources Ltd. The purchase prices were between $24.55 and $29.88, with an estimated average price of $27.48. The stock is now traded at around $32.120000. The impact to a portfolio due to this purchase was 0.87%. The holding were 374,000 shares as of 2021-12-31.

New Purchase: Broadcom Inc (AVGO)

Zweig-DiMenna Associates LLC initiated holding in Broadcom Inc. The purchase prices were between $475.95 and $674.28, with an estimated average price of $564.76. The stock is now traded at around $553.051000. The impact to a portfolio due to this purchase was 0.72%. The holding were 13,350 shares as of 2021-12-31.

New Purchase: II-VI Inc (IIVI)

Zweig-DiMenna Associates LLC initiated holding in II-VI Inc. The purchase prices were between $54.61 and $70.5, with an estimated average price of $63.04. The stock is now traded at around $60.010000. The impact to a portfolio due to this purchase was 0.65%. The holding were 117,200 shares as of 2021-12-31.

New Purchase: Western Digital Corp (WDC)

Zweig-DiMenna Associates LLC initiated holding in Western Digital Corp. The purchase prices were between $52.29 and $66.13, with an estimated average price of $57.59. The stock is now traded at around $54.270000. The impact to a portfolio due to this purchase was 0.53%. The holding were 100,000 shares as of 2021-12-31.

Added: SomaLogic Inc (SLGC)

Zweig-DiMenna Associates LLC added to a holding in SomaLogic Inc by 237.56%. The purchase prices were between $10.49 and $14.28, with an estimated average price of $11.96. The stock is now traded at around $7.905000. The impact to a portfolio due to this purchase was 0.68%. The holding were 1,034,600 shares as of 2021-12-31.

Added: CrowdStrike Holdings Inc (CRWD)

Zweig-DiMenna Associates LLC added to a holding in CrowdStrike Holdings Inc by 95.42%. The purchase prices were between $194.71 and $293.18, with an estimated average price of $242.83. The stock is now traded at around $162.420000. The impact to a portfolio due to this purchase was 0.42%. The holding were 52,646 shares as of 2021-12-31.

Added: Everest Re Group Ltd (RE)

Zweig-DiMenna Associates LLC added to a holding in Everest Re Group Ltd by 26.37%. The purchase prices were between $250.41 and $286.62, with an estimated average price of $270.63. The stock is now traded at around $281.190000. The impact to a portfolio due to this purchase was 0.37%. The holding were 80,605 shares as of 2021-12-31.

Added: Palo Alto Networks Inc (PANW)

Zweig-DiMenna Associates LLC added to a holding in Palo Alto Networks Inc by 47.70%. The purchase prices were between $469.54 and $568.34, with an estimated average price of $520.64. The stock is now traded at around $491.050000. The impact to a portfolio due to this purchase was 0.33%. The holding were 22,450 shares as of 2021-12-31.

Added: CareDx Inc (CDNA)

Zweig-DiMenna Associates LLC added to a holding in CareDx Inc by 45.75%. The purchase prices were between $41.2 and $73.6, with an estimated average price of $51.74. The stock is now traded at around $37.330000. The impact to a portfolio due to this purchase was 0.29%. The holding were 253,274 shares as of 2021-12-31.

Added: SentinelOne Inc (S)

Zweig-DiMenna Associates LLC added to a holding in SentinelOne Inc by 26.47%. The purchase prices were between $45.01 and $76.3, with an estimated average price of $58.55. The stock is now traded at around $39.940000. The impact to a portfolio due to this purchase was 0.16%. The holding were 189,709 shares as of 2021-12-31.

Sold Out: PayPal Holdings Inc (PYPL)

Zweig-DiMenna Associates LLC sold out a holding in PayPal Holdings Inc. The sale prices were between $179.32 and $271.7, with an estimated average price of $214.83.

Sold Out: Electronic Arts Inc (EA)

Zweig-DiMenna Associates LLC sold out a holding in Electronic Arts Inc. The sale prices were between $120.23 and $145.44, with an estimated average price of $134.21.

Sold Out: Analog Devices Inc (ADI)

Zweig-DiMenna Associates LLC sold out a holding in Analog Devices Inc. The sale prices were between $164.02 and $188.8, with an estimated average price of $177.37.

Sold Out: Capri Holdings Ltd (CPRI)

Zweig-DiMenna Associates LLC sold out a holding in Capri Holdings Ltd. The sale prices were between $48.46 and $66.69, with an estimated average price of $59.45.

Sold Out: AGCO Corp (AGCO)

Zweig-DiMenna Associates LLC sold out a holding in AGCO Corp. The sale prices were between $109.09 and $133.32, with an estimated average price of $121.33.

Sold Out: Invitae Corp (NVTA)

Zweig-DiMenna Associates LLC sold out a holding in Invitae Corp. The sale prices were between $14.7 and $28.58, with an estimated average price of $21.39.

Here is the complete portfolio of Zweig-DiMenna Associates LLC. Also check out:1. Zweig-DiMenna Associates LLC's Undervalued Stocks2. Zweig-DiMenna Associates LLC's Top Growth Companies, and3. Zweig-DiMenna Associates LLC's High Yield stocks4. Stocks that Zweig-DiMenna Associates LLC keeps buyingThis article first appeared on GuruFocus.

Investment company Nkcfo Llc (Current Portfolio) buys EOG Resources Inc, Kirkland Lake Gold, Marathon Oil Corp, Campbell Soup Co, Teck Resources, sells Rio Tinto PLC, Fiserv Inc, InMode, Coinbase Global Inc, Airbnb Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Nkcfo Llc. As of 2021Q4, Nkcfo Llc owns 100 stocks with a total value of $311 million. These are the details of the buys and sells.

• New Purchases: EOG, MRO, CPB, TSN, KRBN, CROX, GPRO, DISCK, MRNA, F, CPNG, URA, AXON, DKS, ARCB, FWRG, ELY, ROKU, SOFI, SOFI, CUTR, IAG, BBW, CWH, FNKO, MTUM, DFIN, INTT, OAS, ASAN, SPWH, VRTX, MRVI, HHR, VSTO, DXCM, TNDM, NOK, SIG, ULTA, HZNP, ISRG, CHH, BVH,

• Added Positions: KL, TECK, TLT, LULU, VNQ,

• Reduced Positions: VTIP, INMD, ABNB, ALGN, YETI, GOOG, EXPE, CELH, FIGS, DBC, IAU, HIVE, PGNY, QQQ,

• Sold Out: RIO, FISV, COIN, AMN, NFLX, PLTR, LC, IWM, SQ, JYNT, REM, SHOP, CRWD, IEF, IWN, CRSR, CRL, ANF, HIMX, STAA, PENN, MOV, LEVI, TV, FLEX,

• Warning! GuruFocus has detected 2 Warning Sign with KL. Click here to check it out.

• Real-Time Insider Buys

• This Powerful Chart Made Peter Lynch 29% A Year For 13 Years

• How to calculate the intrinsic value of a stock?

For the details of NKCFO LLC's stock buys and sells,go to https://www.gurufocus.com/guru/nkcfo+llc/current-portfolio/portfolio

These are the top 5 holdings of NKCFO LLC

Vanguard Short-Term Inflation-Protected Securities (VTIP) – 1,377,400 shares, 22.74% of the total portfolio. Shares reduced by 14.39%

Alphabet Inc (GOOGL) – 5,625 shares, 5.23% of the total portfolio.

Amazon.com Inc (AMZN) – 4,195 shares, 4.49% of the total portfolio.

Microsoft Corp (MSFT) – 41,175 shares, 4.45% of the total portfolio.

Accenture PLC (ACN) – 33,275 shares, 4.43% of the total portfolio.

New Purchase: EOG Resources Inc (EOG)

Nkcfo Llc initiated holding in EOG Resources Inc. The purchase prices were between $83.58 and $97.11, with an estimated average price of $89.9. The stock is now traded at around $108.835000. The impact to a portfolio due to this purchase was 2.3%. The holding were 80,500 shares as of 2021-12-31.

New Purchase: Marathon Oil Corp (MRO)

Nkcfo Llc initiated holding in Marathon Oil Corp. The purchase prices were between $14.83 and $17.26, with an estimated average price of $16.11. The stock is now traded at around $19.725000. The impact to a portfolio due to this purchase was 0.92%. The holding were 175,250 shares as of 2021-12-31.

New Purchase: Campbell Soup Co (CPB)

Nkcfo Llc initiated holding in Campbell Soup Co. The purchase prices were between $39.91 and $44.18, with an estimated average price of $41.61. The stock is now traded at around $44.070000. The impact to a portfolio due to this purchase was 0.86%. The holding were 61,400 shares as of 2021-12-31.

New Purchase: Tyson Foods Inc (TSN)

Nkcfo Llc initiated holding in Tyson Foods Inc. The purchase prices were between $78.08 and $87.16, with an estimated average price of $82.36. The stock is now traded at around $90.490000. The impact to a portfolio due to this purchase was 0.59%. The holding were 21,100 shares as of 2021-12-31.

New Purchase: KraneShares Global Carbon Strategy ETF (KRBN)

Nkcfo Llc initiated holding in KraneShares Global Carbon Strategy ETF. The purchase prices were between $38.65 and $54.74, with an estimated average price of $45.22. The stock is now traded at around $51.610000. The impact to a portfolio due to this purchase was 0.33%. The holding were 20,500 shares as of 2021-12-31.

New Purchase: Crocs Inc (CROX)

Nkcfo Llc initiated holding in Crocs Inc. The purchase prices were between $123.53 and $180.57, with an estimated average price of $154.04. The stock is now traded at around $95.110000. The impact to a portfolio due to this purchase was 0.27%. The holding were 6,470 shares as of 2021-12-31.

Added: Kirkland Lake Gold Ltd (KL)

Nkcfo Llc added to a holding in Kirkland Lake Gold Ltd by 31.79%. The purchase prices were between $37.85 and $46.35, with an estimated average price of $42.15. The stock is now traded at around $37.310000. The impact to a portfolio due to this purchase was 0.99%. The holding were 306,147 shares as of 2021-12-31.

Added: Teck Resources Ltd (TECK)

Nkcfo Llc added to a holding in Teck Resources Ltd by 32.55%. The purchase prices were between $24.55 and $29.88, with an estimated average price of $27.48. The stock is now traded at around $32.120000. The impact to a portfolio due to this purchase was 0.65%. The holding were 287,300 shares as of 2021-12-31.

Added: iShares 20+ Year Treasury Bond ETF (TLT)

Nkcfo Llc added to a holding in iShares 20+ Year Treasury Bond ETF by 100.00%. The purchase prices were between $141.01 and $154.18, with an estimated average price of $147.11. The stock is now traded at around $143.080000. The impact to a portfolio due to this purchase was 0.12%. The holding were 5,000 shares as of 2021-12-31.

Added: Lululemon Athletica Inc (LULU)

Nkcfo Llc added to a holding in Lululemon Athletica Inc by 83.33%. The purchase prices were between $370.57 and $477.91, with an estimated average price of $427.67. The stock is now traded at around $307.430000. The impact to a portfolio due to this purchase was 0.03%. The holding were 550 shares as of 2021-12-31.

Sold Out: Rio Tinto PLC (RIO)

Nkcfo Llc sold out a holding in Rio Tinto PLC. The sale prices were between $59.9 and $71.09, with an estimated average price of $64.71.

Sold Out: Fiserv Inc (FISV)

Nkcfo Llc sold out a holding in Fiserv Inc. The sale prices were between $95.55 and $111.29, with an estimated average price of $103.27.

Sold Out: Coinbase Global Inc (COIN)

Nkcfo Llc sold out a holding in Coinbase Global Inc. The sale prices were between $229.31 and $357.39, with an estimated average price of $291.66.

Sold Out: AMN Healthcare Services Inc (AMN)

Nkcfo Llc sold out a holding in AMN Healthcare Services Inc. The sale prices were between $94.48 and $124.24, with an estimated average price of $111.19.

Sold Out: Netflix Inc (NFLX)

Nkcfo Llc sold out a holding in Netflix Inc. The sale prices were between $586.73 and $691.69, with an estimated average price of $639.23.

Sold Out: Palantir Technologies Inc (PLTR)

Nkcfo Llc sold out a holding in Palantir Technologies Inc. The sale prices were between $17.96 and $26.75, with an estimated average price of $21.99.

Here is the complete portfolio of NKCFO LLC. Also check out:1. NKCFO LLC's Undervalued Stocks2. NKCFO LLC's Top Growth Companies, and3. NKCFO LLC's High Yield stocks4. Stocks that NKCFO LLC keeps buyingThis article first appeared on GuruFocus.

Copper and zinc both hit record highs in 2021, and precious metals look set to soar alongside inflation, with one little-known stock offering exposure to it all.

Prices of base metals have nearly doubled from a year ago thanks to a demand explosion for electronics, helped along by a supply-chain-stifling pandemic.

Copper has had a fabulously historic year. It broke price records twice, peaking at $10,476 per ton ($.76/lb) in mid-October.

And zinc has now been added to the US critical minerals list because it’s essential to the economic and/or national security of the United States and because its supply chain is vulnerable to disruption.

We saw zinc prices decline in 2019 and 2020, but 2021 was a major rebound year—with a 50% YoY surge.

Now, a junior explorer who set out to find gold but ended up finding not only gold, but indications of a whole basket of base metals that are a critical part of North America’s economic and national security.

Starr Peak Mining Ltd. (TSX:STE.V; OTCQX:STRPF) caught our attention in 2019 with a number of acquisitions adjacent to a major discovery by Amex Exploration (a play that earned shareholders up to 7,000% returns at one point).

Then it stunned us with evidence of a VMS discovery in its maiden drill results. A VMS (volcanogenic massive sulphide) deposit is rock containing multiple base metals, including zinc, copper, silver, and gold. It’s the type of deposit the big miners are always scouring the globe for.

But 2022 may bring us the bigger news …

On January 11th, Starr Peak reported its best VMS intercepts yet at its NewMetal property in Quebec’s Abitibi Greenstone Belt, showing 8.98% zinc over 9.85 meters and 1.28% copper over 7.2 meters.

Starr Peak’s ongoing drilling program is targeting the Normetmar Upper and Deep Zones that sit directly below the Normetmar high-grade zinc deposit and just one kilometer west of the historic producing Normetal mine, which has to date produced over 10 million tons of copper, zinc, gold, and silver.

These are high-grade highlights that are just what we think investors want to hear from Starr Peak as its drilling takes off in the New Year:

• Upper Zone (above 400 meters, vertically): STE-21-73: 5.90 m of 6.04% Zinc Equivalent

• Deep Zone (below 400 meters, vertically): STE-21-82-W1: 9.85 m of 8.98% Zinc Equivalent, including 0.82% of copper

• Deep Zone (below 400 meters, vertically): STE-21-81: 7.20 m of 5.14% Zinc Equivalent, including 1.28% of copper

Will Starr Peak Keep Delivering?

Already as of last summer, Starr Peak (TSX:STE.V; OTCQX:STRPF) had almost a 100% hit rate on its reported drill hole targets.

Starr Peak released positive results from their maiden drill program in early May 2021, and then even higher-grade results in July—all of which led to a major expansion of the drilling program, leading up to January 2022’s exciting results.

While 2021 saw massive sulphide intercepts, 2022 may be gearing up to be much bigger.

Now, with the best drill results to date under its belt as of January 11th, Starr Peak has resumed drilling, targeting the Deep Zone below 600 meters.

A second drill will target the 4-kilometer prolific Normetmar-Normetal lithological contact on Starr Peak’s property.

And then there’s the gold: The gold targets in the northern half of Starr Peak’s Newmetal property are set to be drill-tested, too.

This is a huge land package that includes a past-producing mine adjacent to Amex Exploration’s discovery. And it’s all in the Abitibi Greenstone Belt—the most prolific Canadian ground for gold and polymetallic deposits, with Starr Peak’s properties right within the Normetal Volcanic Complex, otherwise known as the North Volcanic Zone.

Now, It’s All About Building Tonnage

With excellent drilling results coming in so far, with a large ongoing fully-funded drill program, it may all be about building tonnage now.

Everything they discovered in 2021 pointed to the robust potential for more zinc-rich massive lenses at great depth, and so far, 2022 shows further evidence that this may be a cornucopia of commodities—all of them experiencing growing demand, supply chain disruptions, and price increases.

Proving up a commercial VMS deposit of minerals is exactly what the major miners are after, and that’s exactly what makes a junior miner potentially incredibly valuable—far beyond any gold in the ground. VMS deposits are known for long-term production potential because they are found in clusters of deposits.

They are said to be among the rarest of discoveries, which means that everything is lining up for Starr Peak in a way that doesn’t usually happen for junior miners.

At this point, with the highest-grade results yet being announced on January 11th, Starr Peak’s assets look set for growth and value creation, and what comes next in the exploration stage might be a VMS kingmaker.

Starr Peak (TSX:STE.V; OTCQX:STRPF) is fully funded to keep drilling with 7 private placement deals closed since May 2020 …

• March 2020: closed first tranche of private placement for $450,000

• May 2020: closed final tranche of PP for $555,000

• August 2020: closed flow-through PP for $1,110,000

• November 2020: closed flow-through PP for $2,650,000

• June 2021: closed institutional flow-through PP for $3,756,000

• July 2021: closed institutional flow-through PP for $2,310,000

• November 2021: closed institutional flow-through PP for $3,760,000

And what we think is the crème de la crème at the exploration wheel:

Dr. Jacques Trottier, PhD, founder and executive chairman of Amex Exploration and the man behind the Amex gold discovery at its Perron Project is now Starr Peak’s Chief Technical Advisor.

Starr Peak’s (TSX:STE.V; OTCQX:STRPF) new VP of Exploration, Yves Rougerie, PGeo, is also a VMS expert, with a track record across North America.

And CEO and Director Johnathan More, also the Chairman of Power Metals Corp., made it all happen: He jumped on the acquisition train right before Amex made its 2019 discovery and scooped up all the adjacent territory, including a past-producing mine.

What started off as part of the new Quebec gold rush, might become something far bigger: A coveted VMS rush at a time when economic and national security have turned base metals into “precious” metals and prices are out of this world.

This is our pick for one of the best junior mining narratives in the market today, and the first month of 2022 looks to have already set Starr Peak (TSX:STE.V; OTCQX:STRPF) on the road to potential discovery recognition and we think major miners are watching.

Other Miners To Watch As The Metals Race Heats Up

Barrick Gold (NYSE:GOLD, TSX:ABX) is a Toronto-based mining, exploration and production company. It has operations in Canada, the US and South America with mines in North America (Nevada), Chile and Argentina. Barrick also operates an open-pit mine at Pascua Lama on the border of Chile and Argentina. The Company's growth strategy includes expanding its Carlin Trend gold deposit in Nevada through selective acquisitions of key properties to provide meaningful leverage to rising gold prices as well as increased exploration for new deposits.

As the future of the economy looks more-and-more uncertain, and the Federal Reserve continues to print money at a record rate, solid gold miners like Barrick have drawn a lot of attention for investors, especially considering the healthy 0.96% dividend per share that comes with the purchase

Barrick is a top-tier gold miner with a global footprint. The Toronto-based gold giant operates in 13 countries, including Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. Though Newmont surpassed Barrick as the largest gold miner when it acquired Goldcorp, Barrick is still a force to be reckoned with.

Newmont (NYSE:NEM, TSX:NGT) is a global mining company with operations in the United States, Australia, Peru and Ghana. They are one of the world's largest gold producers and they have been operating for over 100 years. Newmont has its headquarters in Greenwood Village, Colorado (a suburb of Denver) where it was founded in 1921 by William Boyce Thompson.

Following its acquisition of Goldcorp, Newmont became the single biggest gold company in the world, but that doesn’t mean it doesn’t still have some room to run. As far as management goes Newmont doesn't have any weak spots. Its board includes veteran mining executives like Bob McAdam of Barrick Gold Corp., Tom Albanese of Rio Tinto plc (NYSE:RIO), Joe Jimenez of Dow Chemical Company (DOW) and John Wiebe of Kinross Gold Corporation (KGC).

In addition to producing and marketing their own mined resources, Newmont Goldcorp offers consulting services where they provide guidance on exploration projects around the globe. This company is an industry leader in exploration both domestically and abroad with offices located in 12 countries across 5 continents! Newmont works with their suppliers to find the best way to extract these materials from various sources including hard rock mines (rocks), soft rock mines (sedimentary rocks) or surface deposits of minerals like salt lakes or sand-based beaches.

Yamana Gold (NYSE:AUY, TSX:YRI), one of the world's top gold companies, has seen its share price hit especially hard this year. The company has been producing gold for over 50 years and operates two mines: the Canadian Malartic mine in Canada and the Minera Florida mine in Chile. It also owns three other properties: Agua Rica, Tapada do Norte, and Caiena. One of Yamana's most notable mines is the Chapada mine in Brazil which has been operational since 2011.

In 2021, Yamana signed a deal with industry giants Glencore and Goldcorp to develop and operate another Argentinian project, the Agua Rica. Initial analysis suggests the potential for a mine life in excess of 25 years at average annual production of approximately 236,000 tonnes (520 million pounds) of copper-equivalent metal, including the contributions of gold, molybdenum, and silver, for the first 10 years of operation.

Lithium Americas Corp. (NYSE:LAC, TSX:LAC) is one of North America’s most important and successful pure-play lithium companies. With two world-class lithium projects in Argentina and Nevada, Lithium Americas is well-positioned to ride the wave of growing lithium demand in the years to come. It’s already raised nearly a billion dollars in equity and debt, showing that investors have a ton of interest in the company’s ambitious plans, and it will likely continue its promising growth and expansion for years to come.

It’s not ignoring the growing demand from investors for responsible and sustainable mining, either. In fact, one of its primary goals is to create a positive impact on society and the environment through its projects. This includes cleaner mining tech, strong workplace safety practices, a range of opportunities for employees, and strong relationships with local governments to ensure that not only are its employees being taken care of, but locals as well.

Lithium Americas’ efforts have paid off in the market, as well. While many companies across multiple industries struggled last year, Lithium Americas’ stock soared. Since the beginning of the year, Lithium Americas has seen its share price climb by nearly 100%, and its showing no signs of slowing, especially as lithium demand continues to soar.

Teck Resources (NYSE:TECK, TSX:TECK) could be one of the best-diversified miners out there, with a broad portfolio of Copper, Zinc, Energy, Gold, Silver and Molybdenum assets. It’s even involved in the oil scene! With its free cash flow and a lower volatility outlook for base metals in combination with a growing push for copper and zinc to create batteries, Teck could emerge as one of the year’s most exciting miners.

Though Teck has not quite returned to its 2021 highs, it has seen a promising rebound since April lows. In addition to its positive trajectory, the company has seen a fair amount of insider buying, which tells shareholders that the management team is serious about continuing to add shareholder value. In addition to insider buying, Teck has been added to a number of hedge fund portfolios as well, suggesting that not only do insiders believe in the company, but also the smart money that’s really driving the markets.

Kirkland Lake Gold (NYSE:KL, TSX:KL) is a Canadian gold mining company that has been in operation for over fifty years. They are one of the world's largest producers of gold, with their mines located throughout Canada. The company focuses on using sustainable practices to ensure they are leaving behind an environment that can be enjoyed by generations to come.

Though not quite as established as Barrick or Newmont, Kirkland is no stranger to striking headline-grabbing deals in the industry. In fact, just recently, Kirkland and Newmont signed a $75 million exploration deal that could wind up being a game-changer for the industry. The two companies have agreed to split the cost 50/50 over five years with each company investing $15 million every year into joint projects between both companies for exploration purposes only – at this point it seems like a win.

According to a joint press release in late 2020, “Newmont has acquired an option from Kirkland on the mining and mineral rights subject to a royalty payable by Newmont to Royal Gold, Inc. (the Holt Royalty) in exchange for a $75 million payment to Kirkland Lake Gold. Newmont can exercise the Option only in the event Kirkland intends to restart operations at the Holt Mine and process material subject to the Holt Royalty”

This alliance will provide Kirkland with cash flow to evaluate new alternatives for the future of the mining complex, dive deeper into its existing properties, and weigh other opportunities where the two gold companies may be able to find common ground in the future.

Sociedad Química y Minera de Chile (NYSE:SQM) is a Chilean company that has been in operation for over 100 years and operates the most profitable commercial mine in the country. SQM produces more than 55 minerals, including lithium, iodine, potassium nitrate and copper. The company's headquarters are located on Avenida Kennedy, Santiago which was once an industrial area of the city with as many of 300 factories built there during its heyday between 1880 to 1930s.

Sociedad Química y Minera sees the lithium industry growing at around 20 percent per year in the long term, supported by rising EV sales and emission reduction goals from China to the United States.

The stock prices of major lithium producers and explorers, including Sociedad Quimica y Minera de Chile received a major hammering after Morgan Stanley forecast that Chilean low-cost brine producers could add as much as 200kt per year by 2025, while the expansion of China's and Australia's hard-rock mines could pump in another half a million metric tonnes over the next few years.

By. Tom Kool

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ

CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that prices for gold, silver, copper, zinc and other base metals will retain their value in future as currently expected, or could continue to increase due to global demand and political reasons; that Starr Peak can fulfill all its obligations to acquire its Quebec properties; that Starr Peak’s property can continue to achieve drilling and mining success for gold and other metals; that historical geological information and estimations will prove to be accurate or at least very indicative; that high-grade targets exist; that Starr Peak will be able to carry out its business plans, including future exploration and drilling programs; that the preliminary drilling results will be confirmed as further exploration continues; that the lab results from Starr Peak’s initial exploration program will confirm evidence of a significant VMS deposit; that Starr Peak’s exploration results will gain the attention and interest of larger mining companies and investors; that Starr Peak’s exploration results will continue to show promising results justifying ongoing exploration and possible development efforts. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that politics don’t have nearly the strong effect on gold and other base metal prices as expected; that demand for base metals may not continue to increase; that the Company may not complete all its announced mineral property purchases for various reasons; that the Company may not be able to finance its intended drilling and exploration programs; Starr Peak may not raise sufficient funds to carry out its business plans; that geological interpretations and technological results based on current data may change with more detailed information or testing; that the lab results from Starr Peak’s initial exploration program may not support evidence of a significant VMS deposit; that the preliminary drilling results may not be confirmed during further exploration efforts; that Starr Peak will fail to gain the attention and interest of other mining companies and investors; that Starr Peak’s exploration results may fail to find additional promising results justifying ongoing exploration and/or development efforts; and despite promising results from drilling and exploration, there may be no commercially viable minerals or ore on Starr Peak’s property. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by Starr Peak. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns shares of Starr Peak and therefore has an additional incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation.

ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

Read this article on OilPrice.com

Investment company Successful Portfolios LLC (Current Portfolio) buys Vanguard Short-Term Government Bond ETF, iShares 0-5 Year High Yield Corporate Bond ETF, Uber Technologies Inc, HP Inc, SPDR Oil & Gas Exploration and Production ETF, sells iShares 1-3 Year Credit Bond ETF, International Business Machines Corp, Shell PLC, Genuine Parts Co, BTC BlackRock Short Maturity Bond ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Successful Portfolios LLC. As of 2021Q4, Successful Portfolios LLC owns 214 stocks with a total value of $184 million. These are the details of the buys and sells.

• New Purchases: VGSH, UBER, HPQ, CP, QCOM, CRM, ANTM, XOP, BAX, FDX, LOW, SHOP, QQQ, NXP,

• Added Positions: SCHO, SCHB, SHYG, VTIP, TIP, IVV, SCHX, VTI, MA, VXUS, IUSB, SCHF, SPTS, EFG, SNAP, BHP, FLRN, EFV, VT, GSLC, BABA, T, SPLK, FB, DIS, HON, COST, BKNG, SHY, SPTM, JPM, USMV, MU, VIG, VMBS, PFE, ESGU, RDS.A, TWLO, TWTR, PM, VZ, TGT, NEA, MO, CAG, VTEB, CLX, TFC, D, ENB, FCX, GILD, SCHD, MRK, IJR, DS, SIRI, SWKS, LUV, SBUX, DAL,

• Reduced Positions: IGSB, GOVT, PAYX, KMB, AMGN, BKD, VLUE, SCHR, IXN, IXG, ESGE, MTUM, LQD, SCHZ, SCHP, NVDA, GE, BP, GLD, CMCSA, COMT, IGIB, AGG, IYE, CMG, COP, SCHE, INTU, F, VOO, AOD, TD, WRK, ISRG, EOG, CSCO, BMY, BA, NLY,

• Sold Out: IBM, RDS.B, GPC, NEAR, TLT,

• Warning! GuruFocus has detected 6 Warning Signs with TJX. Click here to check it out.

• List of 52-Week Lows

• List of 3-Year Lows

• List of 5-Year Lows

For the details of Successful Portfolios LLC's stock buys and sells,go to https://www.gurufocus.com/guru/successful+portfolios+llc/current-portfolio/portfolio

These are the top 5 holdings of Successful Portfolios LLC

S&P 500 ETF TRUST ETF (SPY) – 27,306 shares, 7.05% of the total portfolio. Shares reduced by 0.44%

Schwab Short-Term U.S. Treasury ETF (SCHO) – 159,562 shares, 4.41% of the total portfolio. Shares added by 17.84%

Schwab U.S. Broad Market ETF (SCHB) – 62,508 shares, 3.84% of the total portfolio. Shares added by 7.32%

Microsoft Corp (MSFT) – 16,827 shares, 3.08% of the total portfolio. Shares reduced by 0.38%

Apple Inc (AAPL) – 31,423 shares, 3.03% of the total portfolio. Shares reduced by 0.04%

New Purchase: Vanguard Short-Term Government Bond ETF (VGSH)

Successful Portfolios LLC initiated holding in Vanguard Short-Term Government Bond ETF. The purchase prices were between $60.79 and $61.19, with an estimated average price of $60.95. The stock is now traded at around $60.530000. The impact to a portfolio due to this purchase was 0.25%. The holding were 7,580 shares as of 2021-12-31.

New Purchase: Uber Technologies Inc (UBER)

Successful Portfolios LLC initiated holding in Uber Technologies Inc. The purchase prices were between $35.73 and $48.36, with an estimated average price of $43.04. The stock is now traded at around $34.820000. The impact to a portfolio due to this purchase was 0.15%. The holding were 6,452 shares as of 2021-12-31.

New Purchase: HP Inc (HPQ)

Successful Portfolios LLC initiated holding in HP Inc. The purchase prices were between $26.48 and $38.1, with an estimated average price of $32.89. The stock is now traded at around $34.980000. The impact to a portfolio due to this purchase was 0.14%. The holding were 6,669 shares as of 2021-12-31.

New Purchase: SPDR Oil & Gas Exploration and Production ETF (XOP)

Successful Portfolios LLC initiated holding in SPDR Oil & Gas Exploration and Production ETF. The purchase prices were between $90.95 and $110.89, with an estimated average price of $102.02. The stock is now traded at around $106.250000. The impact to a portfolio due to this purchase was 0.13%. The holding were 2,521 shares as of 2021-12-31.

New Purchase: Salesforce.com Inc (CRM)

Successful Portfolios LLC initiated holding in Salesforce.com Inc. The purchase prices were between $247.21 and $309.96, with an estimated average price of $280.77. The stock is now traded at around $215.390000. The impact to a portfolio due to this purchase was 0.13%. The holding were 946 shares as of 2021-12-31.

New Purchase: Canadian Pacific Railway Ltd (CP)

Successful Portfolios LLC initiated holding in Canadian Pacific Railway Ltd. The purchase prices were between $66.43 and $77.89, with an estimated average price of $73.15. The stock is now traded at around $73.610000. The impact to a portfolio due to this purchase was 0.13%. The holding were 3,279 shares as of 2021-12-31.

Added: iShares 0-5 Year High Yield Corporate Bond ETF (SHYG)

Successful Portfolios LLC added to a holding in iShares 0-5 Year High Yield Corporate Bond ETF by 96.32%. The purchase prices were between $44.55 and $45.36, with an estimated average price of $45. The stock is now traded at around $44.810000. The impact to a portfolio due to this purchase was 0.25%. The holding were 20,598 shares as of 2021-12-31.

Added: Mastercard Inc (MA)

Successful Portfolios LLC added to a holding in Mastercard Inc by 62.17%. The purchase prices were between $306.28 and $369.56, with an estimated average price of $345.75. The stock is now traded at around $338.760000. The impact to a portfolio due to this purchase was 0.07%. The holding were 973 shares as of 2021-12-31.

Added: Snap Inc (SNAP)

Successful Portfolios LLC added to a holding in Snap Inc by 23.58%. The purchase prices were between $44.42 and $77.34, with an estimated average price of $55.77. The stock is now traded at around $30.660000. The impact to a portfolio due to this purchase was 0.04%. The holding were 7,348 shares as of 2021-12-31.

Added: BHP Group Ltd (BHP)

Successful Portfolios LLC added to a holding in BHP Group Ltd by 23.46%. The purchase prices were between $52.3 and $60.35, with an estimated average price of $56.15. The stock is now traded at around $63.880000. The impact to a portfolio due to this purchase was 0.03%. The holding were 4,895 shares as of 2021-12-31.

Sold Out: International Business Machines Corp (IBM)

Successful Portfolios LLC sold out a holding in International Business Machines Corp. The sale prices were between $115.81 and $138.13, with an estimated average price of $125.15.

Sold Out: Shell PLC (RDS.B)

Successful Portfolios LLC sold out a holding in Shell PLC. The sale prices were between $41.41 and $49.69, with an estimated average price of $45.08.

Sold Out: Genuine Parts Co (GPC)

Successful Portfolios LLC sold out a holding in Genuine Parts Co. The sale prices were between $122.37 and $140.2, with an estimated average price of $132.62.

Sold Out: iShares 20+ Year Treasury Bond ETF (TLT)

Successful Portfolios LLC sold out a holding in iShares 20+ Year Treasury Bond ETF. The sale prices were between $141.01 and $154.18, with an estimated average price of $147.11.

Sold Out: BTC BlackRock Short Maturity Bond ETF (NEAR)

Successful Portfolios LLC sold out a holding in BTC BlackRock Short Maturity Bond ETF. The sale prices were between $49.92 and $50.04, with an estimated average price of $49.97.

Here is the complete portfolio of Successful Portfolios LLC. Also check out:1. Successful Portfolios LLC's Undervalued Stocks2. Successful Portfolios LLC's Top Growth Companies, and3. Successful Portfolios LLC's High Yield stocks4. Stocks that Successful Portfolios LLC keeps buyingThis article first appeared on GuruFocus.

VANCOUVER, British Columbia, Jan. 26, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited ("Teck") (TSX: TECK.A and TECK.B, NYSE: TECK) today announced an agreement with Caterpillar Inc. (“Caterpillar”) (NYSE: CAT) to work towards deploying 30 of Caterpillar’s zero-emissions large haul trucks at Teck mining operations. Decarbonizing Teck’s vehicle fleet represents a significant reduction in Scope 1 emissions as Teck works towards its goals to reduce the carbon intensity of its operations by 33% by 2030 and be a carbon-neutral operator by 2050.

“Teck is already one of the world’s lowest carbon intensity producers of copper, zinc and steelmaking coal, and now we are taking further action to develop and implement the technology needed to reduce the carbon footprint of our operations and support global efforts to combat climate change,” said Don Lindsay, President and CEO, Teck. “Decarbonizing our haul truck fleet is a critical step forward on our road to carbon neutrality and we are pleased to collaborate with Caterpillar to advance this work.” Caterpillar Group President Denise Johnson added, “We look forward to working with Teck to support their climate goals and developing solutions to increase operational efficiency while substantially reducing emissions. We are excited to strengthen our collaboration and deliver results.”The companies plan to progress through a multi-phased approach together that includes early development, piloting and deployment of 30 Caterpillar zero-emission vehicles, including Cat 794 ultra-class trucks beginning in 2027. Teck anticipates initially deploying zero-emissions trucks at its Elk Valley steelmaking coal operations in British Columbia, Canada. The operations are already powered by a 95% clean electricity grid, making it an ideal location to introduce one of Canada’s first zero-emissions large haul truck fleets, with options for trolley-assist technology. Click here to learn more about Teck’s approach to taking action on climate change.

Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). The forward-looking statements relate to expectations with respect to decarbonization of our vehicle fleet and our long-term sustainability strategy, including but not limited to our 2030 and 2050 goals. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this press release are based on assumptions regarding commodity prices, general economic conditions and the performance of our business, performance of emerging technologies, as well as our ability to achieve our climate goals and the longer term impacts of those goals on our business, among other matters. The foregoing list of assumptions is not exhaustive. Factors that may cause actual results to vary include, but are not limited to, changes in commodity prices or general economic conditions, actual climate-change consequences, adequate technology not being available on adequate terms, and changes in laws and governmental regulations or enforcement thereof that impact our operations or strategy. We assume no obligation to update forward-looking statements except as required under securities laws.

Further information concerning risks and uncertainties associated with these forward-looking statements can be found in our annual information form for the year ended December 31, 2020, filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings under our profile.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

About Caterpillar With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Since 1925, we’ve been driving sustainable progress and helping customers build a better world through innovative products and services. Throughout the product life cycle, we offer services built on cutting-edge technology and decades of product expertise. These products and services, backed by our global dealer network, provide exceptional value to help our customers succeed. We do business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries, and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/social-media.

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com

(Bloomberg) — Canadian miner Teck Resources Ltd. bought a stake in a U.S. startup that can extract copper out of waste rock, as concerns mount about shortages of one of the metals key to the energy transition.

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Teck joins BHP Group and Freeport-McMoRan Inc. as shareholders in Jetti Resources LLC, which has developed technology to release stranded metal from low-grade ores at new mines and existing waste piles. The startup gained more attention from major producers as copper prices hit a record last year on worries supply won’t be able to keep up with future demand.

The world’s biggest miners are bullish on the outlook for copper, expecting demand to climb as a greener world requires more of the metal in everything from electric vehicles to new power grids. Producers including BHP and Rio Tinto Group have been looking to add more supplies, both through new projects and making the most of exiting deposits.

Read More: Copper Boom Pushes Miners to Tap Trillions of Dollars From Waste

Jetti, headquartered in Boulder, Colorado, said Tuesday that Teck has invested in the business and that the two were looking at ways to use its technology at Teck’s copper mines. It didn’t provide details on the size of the stake.

“We are excited to have an opportunity to demonstrate the significant commercial and environmental benefits which could be created from the application of our technology,” Mike Outwin, Jetti’s chief executive officer and co-founder, said in a statement.

Last year, BHP and Freeport became shareholders in the business after joining a group that agreed to invest $50 million. Japan’s Mitsubishi Corp. was already a major investor.

Jetti has developed a catalyst that can liberate copper from low-grade chalcopyrite ores — which can have a metal content of well below 1% — by disrupting the sulfur metal bond of the mineral. Traditional leaching methods, which dissolve the metal to form a weak solution of copper sulphate, lead to a film forming over the copper in these ores, preventing it from being extracted.

The company’s board includes former BHP Group CEO Chip Goodyear, as well as a former Xstrata Plc Chief Financial Officer and ex-copper heads from Anglo American Plc and Rio Tinto.

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VANCOUVER, British Columbia, Jan. 25, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been named to the Forbes Canada’s Best Employers 2022 list for the second straight year.

“Our success is driven by our people, and we are committed to providing a workplace that supports their growth and development and fosters diversity and engagement,” said Don Lindsay, President and CEO. “We are honoured to be one of Canada’s Best Employers for the second year in a row as we work to deliver essential resources while caring for people, communities and the environment.”

Forbes and Statista selected the Canada’s Best Employers 2022 through an independent survey applied to a vast sample of more than 10,000 Canadian employees working for companies with more than 500 employees in Canada. The evaluation was based on direct and indirect recommendations from employees who were asked to rate their willingness to recommend their own employers to friends and family. Employee evaluations also included other employers in their respective industries that stood out either positively or negatively.

Teck has also been named as one of Canada’s Top 100 Employers by Mediacorp Canada’s Top Employers program for the past five years, and for the second year in a row was included in the Forbes World’s Best Employers list and Canada’s Top Employers for Young People.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Teck Media Contact:Chris StannellPublic Relations Manager604.699.4368chris.stannell@teck.com

Teck Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations and Strategic Analysis604.699.4621fraser.phillips@teck.com

VANCOUVER, British Columbia, Jan. 22, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that members of United Steelworkers (USW) Local 7619, representing 1,048 workers at Teck’s Highland Valley Copper (HVC) Operations in B.C., have ratified a new five-year collective agreement, replacing one that expired on September 30, 2021.

“We are pleased to have reached a collective agreement that is fair to employees and supports the long-term success of Highland Valley Copper Operations,” said Matt Parrilla, General Manager, Highland Valley Copper Operations.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:

Activision Blizzard ATVI is a leading developer and publisher of console, online and mobile games. The Zacks Consensus Estimate for its current year earnings has been revised 1% downward over the last 60 days.

Argo Blockchain ARBK provides sustainable blockchain infrastructure and cryptocurrency mining. The Zacks Consensus Estimate for its current year earnings has been revised 12.7% downward over the last 60 days.

BHP Billiton BBL is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. The Zacks Consensus Estimate for its current year earnings has been revised nearly 2% downward over the last 60 days.

View the entire Zacks Rank #5 List. 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Activision Blizzard, Inc (ATVI) : Free Stock Analysis Report BHP Billiton PLC (BBL) : Free Stock Analysis Report Argo Blockchain PLC Sponsored ADR (ARBK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Netflix results were felt as a real blow by Wall Street traders. REUTERS/Mike Blake

Wall Street's main indexes opened lower on Friday and were on course for their third straight week of declines as Netflix's disappointing first-quarter subscriber growth outlook sent shockwaves through the tech sector.

The Dow Jones (^DJI) slumped 0.5% points to 34,41 while the S&P 500 (^GSPC) fell over 1% to 4,431.

The technology-heavy Nasdaq (^IXIC) dropped 1.7% to 13,932 as investors positioned themselves for the likelihood that the Federal Reserve will tighten monetary policy more aggressively to stave off inflation.

The FTSE 100 (^FTSE), the CAC (^FCHI) and the DAX (^GDAXI) all dropped deeper into the red, in late trading.

Nasdaq is trading at a seven-month low. Chart: Yahoo Finance UK

“The Fed this time will be far more prudent about quantitative tightening especially given high leverage in the system,” according to Sebastien Galy, senior macro strategist at Nordea Asset Management.

Netflix (NFLX) share price shares fell more than 20% after the world’s largest streaming service dashed hopes for a quick rebound as it forecasted weak first-quarter subscriber growth.

For Netflix stock, trading confirmed the overnight session’s worst fears, with the streaming giant losing around a quarter of its value. Chart: Yahoo Finance UK

Craig Erlam, senior market analyst, UK & EMEA, OANDA, commented: "The banks didn't give us much to cheer about and if the Netflix results are anything to go by, big tech may also underwhelm. 

"The subscriber numbers were a real blow and investors are being forced to adjust to the reality that there is nowhere near the momentum that the last couple of years was expected to generate. Immense competition in the space and higher costs are also major headwinds".

US Treasury yields were slightly lower along the curve on Friday, having risen sharply earlier in the week.

Yields on benchmark 10-year notes were at 1.7470%, their lowest in a week, having hit a two-year high of 1.902% on Wednesday.

Shares have declined in Europe and Asia after the sell-off wiped out gains for stocks on Wall Street

The London benchmark has dropped 98 points to around 7500 points, the lowest in over a week. 

Scottish Mortgage Investment Trust (SMT), one of the main avenues for UK investors to tap into the US tech sector, dropped over 4%.

Victoria Scholar, head of investment at interactive investor, said: “Risk-off sentiment and a sell-off on Wall Street are sending shockwaves across global markets with main European markets shedding more than 1% each on the final trading session of the week.

Read more: UK retail sales plunge after Omicron spread

"The FTSE 100 is flirting with critical support at 7,500 with a break below potentially paving the way for further declines. Just a handful of stocks in the UK basket are trading in the green while the miners such as BHP Group, Rio Tinto and Anglo American languish at the bottom.”

The London benchmark was also pulled down by heavyweight mining stocks with BHP (BHP.L) being among the top losers as it prepares to exit the index next week.

Wall Street jitters put FTSE 100 on track to end the week down. Chart: Yahoo Finance UK

Asian markets finished lower with shares in China leading the region. The Shanghai Composite Composite (000001.SS) is down 0.91% while Japan's Nikkei 225 (^N225) is off 0.90% and Hong Kong's Hang Seng (^HSI) is lower by 0.12%.

Meanwhile, oil dropped as OPEC+ struggled to meet its scheduled increases in production targets and the spectre of Russia invading Ukraine sent jitters through global markets.

Brent crude oil (BZ=F) lost almost 2% to $86.77 a barrel and the US crude (CL=F) fell 0.7% to $84.95 per barrel on Friday.

Read more: The markets and sectors where investors can make best returns

“More gloom is descending as investors digest some major earnings disappointments, adding to concerns of an accelerating monetary tightening schedule,” Richard Hunter, head of markets at interactive investor, said.

(Bloomberg) — After the destruction of ancient caves in 2020 led to global embarrassment and a management clean-out, the newly appointed chief of Rio Tinto Group was betting the development of a massive lithium project would be key to a fresh start. His plan is now in tatters.

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On Thursday, Serbia Prime Minister Ana Brnabic cited environmental concerns for her government’s decision to put a “full stop” on the bid by Rio’s chief executive, Jakob Stausholm, to develop Jadar, Europe’s biggest lithium mine. “Everything is finished,” she said. “It’s over.”

Serbia’s decision is a blow to Stausholm, who after winning the helm just over a year ago said he was aiming to win back trust for the world’s second-largest miner among host communities in the wake of the fiasco at Juukan Gorge. Those remote caves in Australia’s Outback were used by Indigenous people for an estimated 46,000 years until being blown up to create a new iron ore mine.

Read more: Ancient Sites, Sacred Snake Raise Risks for Australian Resources

With Jadar now scuppered, Stausholm will be well aware the company is still facing a handful of complex issues including streamlining its reshuffled management ranks, intensifying scrutiny of its corporate governance, and handling sensitive local relationships not just in Australia but in Mongolia and the U.S. state of Arizona.

Rubbing salt in his wounds, Serbia’s announcement came on a day where larger rival BHP Group won shareholder backing for one of its own big strategic shifts.

The scrapping of the lithium project caps a “very challenging” first year in charge for Stausholm, according to Peter O’Connor, an analyst at Sydney-based Shaw & Partners Ltd.

“The company is underperforming with social governance, internal culture and operations not doing as well as they should,” O’Connor said on Friday, adding that improving its environmental, social and governance performance will take time and “the Serbia project just showed how hard this is.”

After winning the leadership in December 2020 amid increased pressure on Rio Tinto from investors on environmental and social policies, approving the $2.4 billion Jadar project last July was one of Stausholm’s first major decisions.

Slam Dunk

Although initially not expected to start production until 2026 at the earliest, the move seemed like a slam dunk for the new chief and was welcomed by battery makers who need increased supplies of lithium amid a surge in demand.

But Rio Tinto failed to convince the western Serbian community that Jadar wouldn’t be like the polluting lithium mines of old. Thousands of protesters took to the streets in December urging the government not to allow the project to proceed, amid a growing controversy that was seized on by both environmentalists and opposition politicians.

Read more: The World Wants More Lithium But Doesn’t Want More Mines

Rio isn’t alone in facing increasing opposition from local populations and governments in developing projects, even as miners around the world scurry to expand supply.

Southern Copper Corp. is struggling to get government support for a controversial $1.4 billion project in Peru, and Lithium Americas Corp. was taken to U.S. federal court over its planned mine in Nevada. And back in Serbia, protesters are demanding an unconditional ban on lithium exploration and mining by any company, not just Rio Tinto.

Smashing Records

As well as creating fresh revenue-creation challenges for the London-based company, Serbia’s decision will add to the supply-side risks in an already-tight lithium market: prices of the raw material crucial for making batteries to power an electrified world have smashed records during the past year. Brnabic didn’t respond to questions on whether the government would allow lithium mining in the future.

Meanwhile, BHP on Thursday won shareholder backing to unify public holdings, part of a strategic change under its new chief executive, Mike Henry. Both London and Australian investors overwhelmingly approved the move, according to a statement from BHP on Thursday.

“Investors have confidence in BHP’s strategies in how they can take the company forward and unleash the potential,” O’Connor said. “In contrast, Rio does not have much organic growth opportunity and the Serbia opposition highlights the risks to their growth profile.”

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Alcoa blew past Q4 earnings estimates Wednesday afternoon. AA stock is leading a surge in mining stocks that have outmuscled Fed worries.

(Bloomberg) — BHP Group won shareholder support to unify public holdings in a single Sydney listing, a move that could ease the global miner’s return to big deals and will see the U.K. lose one of its biggest companies.

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Both London and Australian investors overwhelmingly approved the move, according to a statement from BHP on Thursday.

The vote will see BHP will move to a primary listing in Australia after collapsing a dual arrangement that dates back to the company’s creation 20 years ago when Australia’s BHP Ltd. merged with rival Billiton. It will also see the U.K.’s FTSE 100 lose its third-biggest company.

Collapsing its dual listing is part of a series of sweeping changes at the world’s biggest miner since Chief Executive Officer Mike Henry took over in early 2020. The company is seeking to expand in metals that will be needed for the green-energy transition, and is in the process of exiting oil and gas while pouring billions of dollars into a giant new potash mine in Canada.

Henry said last month that the share unification would make the company simpler and more agile. Once mining’s most aggressive dealmaker, BHP is mulling a return to large-scale M&A and has expanded its dealmaking team, including in London, according to people familiar with the matter.

The proposal needed 75% backing from both U.K. and Australian shareholders to get the green light.

READ: BHP Revives Appetite for Deals With Biggest Rivals in Sights

The move will bulk up BHP’s presence on the Australia Stock Exchange. Its weighting on the benchmark S&P/ASX 200 share index will rise to about 10%, from 6.7%, to surpass Commonwealth Bank of Australia. There’s also likely to be a scramble among index-tracker funds to increase their holdings to reflect that higher weighting.

The group’s London shares climbed as much as 2.2% to a record high after opening, as metal prices also rallied. The Australian unit closed up 3.1% at its highest since August.

Skepticism

Some Australian investors have been critical of the switch, saying that it transfers value to London shareholders in giving them a one-for-one exchange even though the U.K. listing has consistently traded at a discount to the Sydney shares.

“That Australian shareholders wear the current value destruction from the collapse of the dual-listed company just to simplify M&A in the future is challenging to accept,” Crispin Murray, head of equities at Pendal Group Ltd., said in a note earlier this month. BHP has a poor track record in mergers and acquisitions in recent years, he added.

The miner has been reviewing the structure for several years after Elliott Management Corp. pushed BHP to reorganize as a single company. Elliott argued that removing the dual listing would eliminate the discount between its shares in London and Sydney, reduce costs and bolster transparency.

Under the current arrangement, BHP has two headquarters and two main stock market listings, but is run as a single entity under the same management and board. The company first announced the change to its structure as part of its annual earnings results in August.

After the change, the miner will retain secondary listings in London, Johannesburg and New York.

(Updates with confirmation of shareholder support in first and second paragraphs)

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VANCOUVER, British Columbia, Jan. 20, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and DLT Labs™ (“DLT”) today announced a pilot to use blockchain technology to trace responsibly-produced germanium from the mine to the customer, the first such use of blockchain to trace this critical mineral.

Teck is North America’s largest producer of germanium, a critical mineral and one of the integral elements required for digital devices and communications. It is an essential component in fiber optic cables and high-speed computer chips and circuitry. Beyond its use in communications technology, germanium is also important for low-carbon technologies such as solar cells and light-emitting diodes (LEDs). Germanium is considered essential for communications technology and the transition to a low-carbon economy.

This pilot is in support of Teck’s Sustainability Strategy goal to develop a product passport, providing traceability into the raw materials supply chain. Through the pilot, germanium will be traced from its origin at Teck’s Red Dog mine in northwest Alaska, through transport and comingling with other sources, refining at Teck’s Trail metallurgical facility and finally to a manufacturer of fiber optic cable. Blockchain technology will be used to embed data including information on responsible environmental, social and governance practices along the supply chain, such as greenhouse gas emissions, product certifications and responsible production assessments.

“Teck is proud to be advancing the first use of blockchain technology to trace the critical mineral germanium from the mine all the way to the customer,” said Marcia Smith, Senior Vice President, Sustainability and External Affairs, Teck. “Ensuring the environmental and social responsibility throughout the metals production chain provides our customers and downstream consumers with the confidence that their products are sourced responsibly.”

Blockchain Technology

Over the past decade businesses have identified many uses for blockchain technology from the settlement of financial records to smart contracts and reliable, transparent traceability of supply chains. In the materials space, initial applications of blockchain-enabled supply chain traceability have generally focused on products with high risk of counterfeiting or abuses, such as conflict minerals. Teck believes that materials traceability and assurance of both origin and handling of the product along the supply chain can play a role in supporting responsible production more broadly for essential metals and minerals.

Teck has partnered with DLT to create and pilot a blockchain-enabled solution to serve as the backbone for tracing materials. Utilization of blockchain enables all key figures along the supply chain to have appropriate visibility into the material flow, and to ensure responsible production practices through each step. Teck and DLT are utilizing DL Asset Track™ to map the germanium supply chain, and to provide downstream customer visibility into the chain.

“DLT is proud that its DL Asset Track™ product is being adopted by Teck in setting the standard for an innovative product passport. This product passport collects, stores, and provides reliable, tamper-proof, and real-time data at every stage in the resource supply chain from end-to-end, including comprehensive information about the provenance of the resources. Certainty of mine of origin, provenance and single source of truth are essential building blocks for an effective ESG program. This single source of truth enables the next generation of intelligent and sustainable supply chains, which use data to maximize efficiency while maintaining the transparency essential for constant and careful monitoring. It enables the highest levels of trust and collaborative resource stewardship among Teck, its business partners and all stakeholders,” said Loudon Owen, CEO, DLT Labs™.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

ABOUT DLT Labs™DLT Labs™ is the leading provider of blockchain-enabled technology and enterprise solutions for supply chain management and financing. DLT has extensive experience in managing and orchestrating complex, multi-party data, including the development and ongoing operation of the largest full production deployment of enterprise blockchain to date globally. DLT’s distributed platform, which includes DL Asset Track™, automates the end-to-end, continuous, and real-time integration and synchronization of multi-party data exchanged by supply chain partners, provides an immutable record including resource provenance, and establishes a single source of truth. www.DLTLabs.com

Teck Media Contact:Chris StannellPublic Relations Manager604.699.4368chris.stannell@teck.com

Teck Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations and Strategic Analysis604.699.4621fraser.phillips@teck.com

DLT Media Contact:Julian ParrMarketing and Public Relations416.617.5654Julian.Parr@DLTLabs.com

VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been recognized as one of the 2022 Global 100 Most Sustainable Corporations by Corporate Knights, marking the fourth straight year Teck has been named to the list.

“Teck is committed to providing essential resources the world is counting on to make life better, while caring for people, communities and the environment,” said Don Lindsay, President and CEO. “Our employees are passionate about sustainability and this recognition is the direct result of their hard work and dedication.”

The Global 100 companies are selected from over 6,900 publicly traded companies with more than US$1 billion in revenues. Companies were evaluated based on a rigorous assessment including sector-specific sustainability metrics, such as clean revenue percentage, water, energy and GHG productivity, and safety performance, as well as board and executive diversity. More information can be found here: corporateknights.com/global100.

Teck has also been named one of the Best 50 Corporate Citizens by Corporate Knights for 2021. Teck is ranked #1 in the Metals and Mining industry on the S&P Dow Jones Sustainability World Index (DJSI), Sustainalytics and Vigeo Eiris, and is ranked AA by MSCI for ESG performance. Teck is currently listed on sustainability indices such as the MSCI World ESG Leaders Index, FTSE4Good Index and Jantzi Social Index.

Go to www.teck.com/responsibility to learn more about Teck’s commitment to responsible resource development.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Teck Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Teck Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations and Strategic Analysis604.699.4621fraser.phillips@teck.com

(Bloomberg) — After sitting dormant for more than a decade, BHP Group — once mining’s most aggressive dealmaker — is positioning itself for a return to large-scale M&A.

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BHP has expanded its dealmaking team, including in London, and is interested in pursuing a transformational deal, according to people familiar with the matter who asked not to be identified discussing private information. The company is evaluating rivals including Freeport-McMoRan Inc. and Glencore Plc, they said, while emphasizing that there is no indication it is preparing any bids at this point.

A mega deal would cap a series of sweeping changes at the world’s biggest miner since Chief Executive Officer Mike Henry took over in early 2020. The company is seeking to expand in metals that will be needed for the green-energy transition, and is in the process of exiting oil and gas while pouring billions of dollars into a giant new potash mine in Canada. A plan to collapse its London listing — which BHP says will make it more “nimble” — will be put to shareholder votes this week.

Read more: BHP Quits Oil, Piles Into Potash in Overhaul for CEO Henry

The biggest miners have largely turned their backs on huge mergers and acquisitions after a series of deals at the height of the last commodity boom went spectacularly wrong. Excess cash has been returned to shareholders in massive dividends and buybacks. But as the global energy transition gathers pace, there’s a growing recognition that deals will be essential to replace fossil fuel assets with mines that can produce the materials needed to decarbonize, such as copper and nickel.

BHP is already one of the biggest copper miners and is a nickel supplier for Tesla Inc. However, iron ore remains its biggest money maker and it’s also a major producer of coal for steel production.

BHP’s deal team is examining options and running models on rivals including Glencore and U.S. copper giant Freeport. Vale SA’s base-metal unit is also on its radar, the people said.

The work is still early stage and predominantly focused internally rather than involving external advisers, the people said. Near-record-high valuations of some of its potential targets may also be a stumbling block, the people said.

A BHP spokesman said the company does not comment on market rumor or speculation.

One consideration for BHP is to be ready to move if its rivals’ valuations decline. Freeport is currently worth about $65 billion, while Glencore has a market capitalization of $73 billion and both are trading near multiyear highs after a rally in commodity prices. There is recognition inside BHP — and rival Rio Tinto Group — that they missed out when smaller rivals collapsed in value in the past.

BHP itself is valued at about $168 billion, and its shares are trading near an all-time high.

The stock was little changed at 3:10 p.m. in London, while Glencore rose as much as 2.4%, hitting its highest intraday mark in almost a decade. The world’s biggest commodity trader has surged about 50% in the past 12 months, driven by rallying coal and copper prices. The company is expected to deliver record profits and a bumper dividend when it reports earnings in February. Freeport rose as much as 4.7% to the highest since since February 2012.

BHP would have to convince shareholders that the time was right for a deal and show it wasn’t overpaying. The mining industry has been haunted by disastrous transactions from the height of the last supercycle that destroyed billions in dollars in value, and many investors are continuing to push the need for discipline.

A bid for either company would pose challenges for BHP’s strategy. While Glencore is one of the biggest copper miners, it’s also the leading shipper of thermal coal (a commodity BHP has been seeking to exit), has dozens of complicated assets in some of the world’s most difficult jurisdictions and faces ongoing legal probes, including a U.S. Department of Justice investigation.

Freeport, meanwhile, has a string of aging U.S. copper mines which could ultimately cost billions to close.

While the interest in a bigger deal remains preliminary, BHP has already shown signs of increased activity on a smaller scale as it seeks to add more exposure to copper and nickel.

The company agreed to buy a stake in a Tanzanian nickel project this month for $40 million, and last year bought into a U.S. startup that can process copper from waste rock. It’s also been in talks with billionaire Robert Friedland about taking a stake in a undeveloped copper project in the Democratic Republic of Congo.

Yet it’s run into some challenges. The company was forced to take an embarrassing loss on its six-month pursuit of a Canadian nickel miner, after being outbid by Australian billionaire Andrew Forrest. BHP has also been dragged into internal squabbles at SolGold Plc during its years-long chase of the copper developer.

BHP, comfortably the world’s biggest mining company, is no stranger to going after its biggest rivals. In 2008 it abandoned a hostile bid for Rio Tinto Group, the world’s second-biggest miner, that would have been the industry’s biggest-ever deal. It also failed in a pursuit of Potash Corp. of Saskatchewan Inc. for about $40 billion.

The last major deal BHP pulled off was the $12.1 billion purchase of Petrohawk Energy Corp. in 2011. The move into shale proved to be an expensive mistake and, after spending billions more expanding the business, it cut its losses and sold out to BP Plc in 2018.

(Updates with shares in 11th paragraph.)

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Most readers would already be aware that Anglo American's (LON:AAL) stock increased significantly by 17% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Particularly, we will be paying attention to Anglo American's ROE today.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

See our latest analysis for Anglo American

How Do You Calculate Return On Equity?

ROE can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Anglo American is:

26% = US$9.7b ÷ US$38b (Based on the trailing twelve months to June 2021).

The 'return' is the profit over the last twelve months. That means that for every £1 worth of shareholders' equity, the company generated £0.26 in profit.

What Has ROE Got To Do With Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

Anglo American's Earnings Growth And 26% ROE

To begin with, Anglo American has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 17% which is quite remarkable. As a result, Anglo American's exceptional 23% net income growth seen over the past five years, doesn't come as a surprise.

Next, on comparing Anglo American's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 22% in the same period.

past-earnings-growth

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Anglo American is trading on a high P/E or a low P/E, relative to its industry.

Is Anglo American Efficiently Re-investing Its Profits?

Anglo American's three-year median payout ratio is a pretty moderate 41%, meaning the company retains 59% of its income. By the looks of it, the dividend is well covered and Anglo American is reinvesting its profits efficiently as evidenced by its exceptional growth which we discussed above.

Additionally, Anglo American has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 46%. Still, forecasts suggest that Anglo American's future ROE will drop to 13% even though the the company's payout ratio is not expected to change by much.

Summary

In total, we are pretty happy with Anglo American's performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Teck Resources Ltd (TECK) shares rallied 5.4% in the last trading session to close at $34.18. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 20.6% gain over the past four weeks.

Higher copper prices have led to a surge in the share price of Teck Resources. Copper futures for March delivery have gone up to $4.5 per pound — levels last seen in October 2021. This was driven by a pullback in the U.S dollar and expectations of stronger demand from China while inventories held at the London Metals Exchange are at multi-year lows. Further, reports of Teck Resources receiving a notice of a potential strike at its Highland Valley Copper mine in British Columbia have triggered supply concerns for the metal.Meanwhile, Goldman has raised the 12-month target price of copper to $12,000 per ton (around $5.4 per pound).

This company is expected to post quarterly earnings of $2.19 per share in its upcoming report, which represents a year-over-year change of +525.7%. Revenues are expected to be $3.77 billion, up 92% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Teck Resources Ltd, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TECK going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teck Resources Ltd (TECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Many investors historically have turned to safe haven assets such as precious metals in times of economic and political turmoil. One way to gain exposure is by owning companies in the metals and mining industry, which are involved in the exploration, extraction, and sale of metals and other minerals. Mining companies have underperformed the broader market in the last year.

FCX stock led a rally among mining stocks as the copper prices climbed on hopes for robust global growth as the omicron variant recedes.

(Reuters) – Canadian miner Teck Resources Ltd said on Wednesday that a union representing 1,048 workers at its British Columbia mine could potentially go on a strike from Jan. 16.

The company said it received the strike notice from the United Steelworkers (USW) Local 7619 at its Highland Valley Copper Operations in British Columbia.

"The strike notice entitles the union to potentially begin strike action following the 72-hour strike notice period and 48 hours after the mediator reports to the Labour Relations Board," the company said in a statement https://refini.tv/3fgoDFM, without providing any reasons behind the potential strike.

United Steelworkers did not immediately respond to a request for comment.

Negotiations between the company and the union are ongoing and the parties are scheduled to meet on Jan. 14, the miner said.

(Reporting by Akriti Sharma in Bengaluru; Editing by Sherry Jacob-Phillips)

VANCOUVER, British Columbia, Jan. 12, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) reported today that strike notice has been received from the United Steelworkers (USW) Local 7619, which represents 1,048 workers at Teck’s Highland Valley Copper (HVC) Operations in B.C. The strike notice entitles the union to potentially begin strike action following the 72-hour strike notice period and 48 hours after the mediator reports to the Labour Relations Board. The earliest that strike action could potentially commence is January 16.

Negotiations are ongoing and the parties are scheduled to meet with the mediators on Friday, January 14.

The previous collective agreement at HVC expired on September 30, 2021.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com

Media Contact:Chris StannellPublic Relations Manager604.699.4368chris.stannell@teck.com

(Bloomberg) — Glencore Plc’s purchase of a giant Colombian coal mine has cost the commodities trader and mining powerhouse much less than initially thought after prices of the fuel surged.

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The company on Tuesday said it completed the acquisition of the Cerrejon mine, following a deal struck in June to take full control of the asset from partners BHP Group and Anglo American Plc. At the time, Glencore agreed to pay about $588 million, while also taking cash flows for the year. It estimated a final cost of roughly $230 million.

But after thermal coal prices surged to a record high over the period — underpinned by a global energy crunch — Glencore said the cash payment on completion of the deal totals just $101 million.

Anglo and BHP, which both agreed to sell their stakes for $294 million each, have been in the process of exiting the fuel amid increasing pressure from shareholders over mining the most polluting fossil fuel. While the deal marks the end of thermal coal mining for Anglo, BHP’s future is less certain as it mulls the continued ownership of its last mines in Australia.

Benchmark prices for thermal coal exported from Australia hit a record in October, though pulled back after China rolled out measures to ease a supply crunch that contributed to power shortages. Still, prices continue to be volatile amid concerns around exports from Indonesia.

The Cerrejon purchase was the last major deal of former Chief Executive Officer Ivan Glasenberg, before he left Glencore at the end of June, ending two decades at the helm of the world’s biggest commodity trader.

(Updates with coal market in fifth paragraph)

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Tesla TSLA recently signed its first nickel supply deal in the United States, selecting Talon Metals Corp's Tamarack mine project in Minnesota in a bid to make the electric vehicle (EV) battery metal in a sustainable way.Climate-change concerns have peaked in recent times. This calls for developing EV batteries to de-carbonize the global economy, buoying the demand for metals, particularly copper and nickel, used to produce batteries. An expected surge in demand for nickel is anticipated over the next decade as EVs pick up steam and gain popularity. Nickel enhances the energy storing capacity in a battery's cathode, extending an EV's range.Tesla’s announcement comes in the light of pro-climate change demands. The company is driven in its vision to expedite the transition to green transportation solutions. Tesla’s CEO, Elon Musk, since 2020, has been harping on the focus to pump up nickel production in an environmentally viable way.The United States, till now, has not featured well in nickel production. Indonesia is the world's largest nickel producer. However, miners there mostly use energy-intensive technology to extract the metal and engage in controversial waste disposal practices, including dumping waste rock in waterways. Talon's Minnesota project is a joint venture with Rio Tinto. It ensures a key U.S. source of the metal for Tesla battery factories in Texas and Nevada while reducing the company's supply lines at the same time. It is slated to begin by 2026.Talon plans to use a technology that has the ability to suck carbon dioxide out of the atmosphere and chemically bind. This allows for permanent storage of the gas in rocks found inside Talon’s Tamarack project in northern Minnesota. The process, still under the testing phase, would empower Talon to market carbon-neutral nickel, which will be a big ticket for Tesla in the EV domain.Tesla plans to buy 75,000 tons of nickel concentrate over the next six years, as well as smaller amounts of cobalt and iron ore, at London Metals Exchange-listed prices. However, it is unclear where Tesla will refine the nickel concentrate as the United States does not have a nickel refinery.Last year the EV magnet had signed a similar nickel supply deal with BHP Group BHP in Australia to secure the supply of nickel from the latter’s Nickel West mine.The alliance required Tesla and BHP Group to join forces to bring about a more efficient battery supply chain. The companies leveraged blockchain technology for raw-material procurement and production and identified supply-chain partners who are best aligned with their vision and battery value chains. BHP and TSLA have also partnered over sustainable solutions concerning energy storage targeting reduced carbon emissions.Tesla’s commitment toward an EV-defined future and its aim for sustainability naturally make it the undisputed leader of EVs.Tesla’s shares have risen 30.4% over the past year compared with the industry’s 7.8% growth.

Image Source: Zacks Investment Research

Zacks Rank & Key Picks

Currently, Tesla carries a Zacks Rank #3 (Hold).Some better-ranked players in the auto space are Genuine Parts GPC and Fox Factory Holdings FOXF, each carrying a Zacks Rank #2 (Buy) currently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Genuine Parts has an expected earnings growth rate of 27.3% for the current year. The Zacks Consensus Estimate for earnings for the current year has been revised around 2% upward over the past 60 days.Genuine Parts’ earnings beat the Zacks Consensus Estimate in all the trailing four quarters. GPC pulled off a trailing four-quarter earnings surprise of 16%, on average. Its shares have also gained 31.3% over a year.Fox Factory has an expected earnings growth rate of 48.2% for the current year. The Zacks Consensus Estimate for the current year has been revised around 2% upward over the past 60 days.Fox Factory’s bottom line beat the Zacks Consensus Estimate in all the trailing four quarters. FOXF delivered a trailing four-quarter earnings surprise of roughly 16%, on average. The stock has rallied 27.9% over a year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Genuine Parts Company (GPC) : Free Stock Analysis Report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Fox Factory Holding Corp. (FOXF) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Copper prices surged around 25% this year. The recovery in industrial demand worldwide, optimism regarding economic growth, demand in top consumer China, disruptions in top producers Chile and Peru, and Biden’s infrastructure plan all worked in favor of the metal. So far this year, copper ranged from a low of $3.5035 per pound in February to an all-time high of $4.8840 per pound in May. It is currently at around $4.42 per pound, with the yearly average at around $4.24 per pound.Supply constraints, low stockpiles and a solid long-term demand outlook supported by the ongoing green energy revolution are likely to keep copper prices elevated. We suggest keeping an eye on stocks like BHP Group BHP, Freeport-McMoRan Inc. FCX, Southern Copper Corporation SCCO and Teck Resources Limited TECK that are well-poised to capitalize on this growth trend.

Copper “Charging Ahead”

Copper is a metal essential to the global economy and will play a crucial role in the achievement of the global clean energy transition. Copper is the third most consumed industrial metal in the world, according to the U.S. Geological Survey. Given its widespread use, copper has long been considered as a bellwether for the global economy. The International Monetary Fund’s (“IMF”) forecast anticipates the world economy to expand by 4.9% in 2022. Beyond 2022, global growth is projected to moderate to about 3.3% over the medium term. Sustained growth in copper demand is anticipated to continue as the metal is essential to economic activity. Infrastructure development in major countries such as China and India will particularly support demand.The increasing global awareness regarding cleaner energy and electric cars will be a key catalyst for copper demand in the long term. The red metal is an essential component in EVs and is utilized in electric motors, batteries, inverters and wiring. According to the International Copper Association (“ICA”), while conventional cars contain 18 to 49 pounds of copper, plug-in hybrid electric vehicles (PHEV) use 132 pounds and battery electric vehicles (BEV) contain 183 pounds. The EV charging infrastructure is largely based on copper-based technologies. Per the International Energy Agency, clean energy technologies will account for around 45% of copper demand in 2040, higher than 24% in 2020. Per Statista, global copper demand for charging infrastructure is expected to reach some 115,000 metric tons by 2025.Chile and Peru together account for close to 40% of the world’s copper production. Supply from these countries had been under pressure due to the impact of the coronavirus pandemic. The emergence of new strains might lead to operations being disrupted again and thus impact copper supply. Also, a new taxes and royalties bill in Chile, which has already approved by the Senate could, if unaltered, may put around 25% of the copper output from the country at risk. Under the proposed change, the royalty rate would be based on output rather than profits and could rise to 75% when copper prices exceed $4 per pound. This might lead to several companies ceasing operations in the country, as they are already running at high costs. In Peru, the second-largest producer, community protests against mining projects is becoming an increasing threat. These developments might put the copper output in jeopardy.Also, grade decline, rising input costs, water constraints and scarcity of high-quality future development opportunities continue to constrain the metal’s supply. This demand-supply imbalance will probably push copper prices north, which bodes well for miners. Miners are now committed to cost-reduction strategies and digital innovation to drive operating efficiencies, which will also drive margins in the long haul.Copper miners fall under the Zacks Mining – Non-Ferrous industry, which has gained 22.4% year-to-date compared with the broader Basic Materials sector’s growth of 6.3%.

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Image Source: Zacks Investment Research

4 Copper Stocks to Keep an Eye On

We suggest you keep an eye on these copper-mining stocks. We have handpicked four such stocks that have a Zacks Rank #3 (Hold) and a VGM Score of A. Our research shows that stocks with such a combination offer the best investment opportunities.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.BHP Group: Aided by its strong cash flow, the company has lowered its long-term debt level considerably over the past few years, which will contribute to growth. Efforts to make operations more efficient through smarter technology adoption across the entire value chain will continue to aid in reducing costs, thereby bolstering the company’s margins. BHP intends to unify its corporate structure from two-parent companies into one. This move will aid its strategy to focus on commodities (copper, nickel and potash) that will help it ride on growing global trends such as decarbonisation, electrification population growth, rising living standards in the developing countries among others. The company has completed the Spence Growth Option copper project, which is expected to average 300,000 tons per annum of production (including cathodes) over the first four years.Headquartered in Melbourne, Australia, BHP Group engages in exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. BHP has a long-term estimated earnings growth rate of 4%. The Zacks Consensus Estimate for the company’s fiscal 2022 earnings suggests year-over-year growth of 3%.Freeport-McMoRan: The company is conducting exploration activities near existing mines with a focus on opportunities to expand reserves. Freeport-McMoRan will benefit from an ongoing large-scale concentrator expansion project at Cerro Verde that will provide incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. Cerro Verde's expanded operations benefit from cost efficiencies, and large-scale and long-lived reserves. It completed the Lone Star copper leach project and is on track to produce around 200 million pounds of copper annually. The company's effective cost management and efforts to reduce debt levels appear encouraging.This Phoenix, AZ-based company is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; and smelting and refining of copper concentrates. The Zacks Consensus Estimate for Freeport-McMoRan’s earnings for fiscal 2022 indicates year-over-year improvement of 23.7%. The estimates have been revised upward by 14% over the past 60 days. The company has a long-term estimated earnings growth rate of 29%.Southern Copper Corporation: The company has the largest copper reserves in the industry and operates high-quality, world-class assets in investment grade countries, such as Mexico and Peru. Its constant focus on increasing low-cost production is commendable. The company will gain from its efforts to grow in Peru given that the country is currently the second-largest producer of copper globally and holds 13% of the world’s copper reserves. It is worth mentioning that Peru’s national output is anticipated grow to 225000 tons in 2022. Southern Copper’s total investment program in Peru runs to $7.9 billion. The company maintains its target to produce 1.9 million tons by 2028 by developing its organic growth projects.This company based in Phoenix, AZ engages in mining, exploring, smelting, and refining copper and other minerals. The Zacks Consensus Estimate for Southern Copper’s earnings for 2022 has moved north by 5% in 60 days’ time. SCCO has a long-term estimated earnings growth rate of 16.1%.Teck Resources: The company has a portfolio of world-class assets in stable jurisdictions and a solid pipeline of projects. The progression of the flagship QB2 copper growth project crossed the two-third mark in the third quarter of 2021 despite the COVID-19 impact in Chile. The first production is expected in the second half of 2022. Once completed, QB2 will transform the company’s copper business, making it a major global copper producer. It has several other copper growth projects in the pipeline to help meet future global copper demand. The company continues to implement its innovation-driven efficiency program, RACE21, which is expected to improve productivity across the business and drive annualized EBITDA growth.Vancouver, Canada-based Teck Resources is a diversified resource company committed to mining and mineral development with business units focused on steelmaking coal, copper, zinc and energy. The Zacks Consensus Estimate for the company’s earnings for 2022 has moved up 21% over the past 60 days. TECK has a long-term estimated earnings growth rate of 37.8%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report FreeportMcMoRan Inc. (FCX) : Free Stock Analysis Report Southern Copper Corporation (SCCO) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Investment company T. Rowe Price Real Assets Fund, Inc. (Current Portfolio) buys BHP Group, Martin Marietta Materials Inc, Vulcan Materials Co, Wesdome Gold Mines, Simon Property Group Inc, sells Polymetal International PLC, CyrusOne Inc, Sandstorm Gold, Lundin Mining Corp, Digital Realty Trust Inc during the 3-months ended 2021Q3, according to the most recent filings of the investment company, T. Rowe Price Real Assets Fund, Inc.. As of 2021Q3, T. Rowe Price Real Assets Fund, Inc. owns 242 stocks with a total value of $4.2 billion. These are the details of the buys and sells.

• New Purchases: MLM, VMC, KIM, NSC, CMS, JYEU, COF, COF, 00435, JBLU, UAL, ALK, ALGT, DAL, SNCY, ULCC, LUV, CP, CSX, CNR, KRR, MESA,

• Added Positions: BHP, WDO, SPG, GRNG, NEE, COP, FP, CVX, PXD, MAR, UNP, HHC, EQNR, GALP, HTHT, EOG, SBAC, 5401, PRU, FRT, KNT, DVN, HES, 01209, PEB, HST, ESS, D, BVN, AKZA, RPM, ALQ, HUBB, SHW, LEG, CAT, DEI, REXR, MGY, EFX, FABG, LUNE, CHX, EPI A, AKR, MMK, TEN, 8976, WEC, HAL, 8803, SAND, IBE, DAR, EPI B, ENTG, WEIR, NST, WHD, XEL, HLT, CTPNV, PPG, STERV, SO, 9616,

• Reduced Positions: EQIX, WPC, ATC, UTG, LIN, CPT, VALE3, WELL, MOCORP, O, SSW, IMP, VER, ARE, WPM, REG, PLD, PSA, STLD, IMI, 01997, FNV, EQR, HR, AVB, STOR, 00016, DSM, AAL, NHY, KOJAMO, CUBE, SLG, NNN, 8801, ANTO, COL, AVY, CF, EPR, 3436, ELS, CRDA, SRE, EPRT, HIW, OZL, SCCO, KWR, LBRT, 8804, 3287, SAFM, CLNX, AIRC, DLN, PSPN, ACC, ADC, IIPR, SHO, SRC, LXP, HTA, TRNO, RYN, EGP, BYG, PKG, CAR.UN, UPM, MAG, KRC, HKHGF, GFC,

• Sold Out: POLY, CONE, SAND, LUN, DLR, WLK, SLR, CG, 09698, LNN, GLEN, C31, HUN, DTE, TTC, 1COV, GPK, VMI, CE, NK, BUCN, EMR, PXT, PAAS, NHM, JBGS, ABX, ARRY, UE, AEM, WY, YRI, EDV, EQX, BTO, PE&OLES, HMY, SIL, IMG, ELD, TXG, SEA, NG, NGD,

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• BHP 15-Year Financial Data

• The intrinsic value of BHP

• Peter Lynch Chart of BHP

For the details of T. Rowe Price Real Assets Fund, Inc.'s stock buys and sells,go to https://www.gurufocus.com/guru/t.+rowe+price+real+assets+fund%2C+inc./current-portfolio/portfolio

These are the top 5 holdings of T. Rowe Price Real Assets Fund, Inc.

BHP Group Ltd (BHP) – 4,898,700 shares, 3.08% of the total portfolio. Shares added by 158.69%

Prologis Inc (PLD) – 972,172 shares, 2.87% of the total portfolio. Shares reduced by 3.23%

SPDR Oil & Gas Exploration and Production ETF (XOP) – 1,086,549 shares, 2.47% of the total portfolio.

Welltower Inc (WELL) – 1,099,115 shares, 2.13% of the total portfolio. Shares reduced by 6.54%

Camden Property Trust (CPT) – 558,578 shares, 1.94% of the total portfolio. Shares reduced by 9.14%

New Purchase: Martin Marietta Materials Inc (MLM)

T. Rowe Price Real Assets Fund, Inc. initiated holding in Martin Marietta Materials Inc. The purchase prices were between $339.74 and $390.42, with an estimated average price of $363.69. The stock is now traded at around $438.590000. The impact to a portfolio due to this purchase was 0.73%. The holding were 90,366 shares as of 2021-09-30.

New Purchase: Vulcan Materials Co (VMC)

T. Rowe Price Real Assets Fund, Inc. initiated holding in Vulcan Materials Co. The purchase prices were between $169.16 and $193.41, with an estimated average price of $178.97. The stock is now traded at around $207.490000. The impact to a portfolio due to this purchase was 0.71%. The holding were 178,638 shares as of 2021-09-30.

New Purchase: Kimco Realty Corp (KIM)

T. Rowe Price Real Assets Fund, Inc. initiated holding in Kimco Realty Corp. The purchase prices were between $19.57 and $22.3, with an estimated average price of $21.38. The stock is now traded at around $24.030000. The impact to a portfolio due to this purchase was 0.31%. The holding were 636,807 shares as of 2021-09-30.

New Purchase: Norfolk Southern Corp (NSC)

T. Rowe Price Real Assets Fund, Inc. initiated holding in Norfolk Southern Corp. The purchase prices were between $239.24 and $273.35, with an estimated average price of $256.57. The stock is now traded at around $291.530000. The impact to a portfolio due to this purchase was 0.21%. The holding were 36,854 shares as of 2021-09-30.

New Purchase: CMS Energy Corp (CMS)

T. Rowe Price Real Assets Fund, Inc. initiated holding in CMS Energy Corp. The purchase prices were between $58.86 and $65.61, with an estimated average price of $62.4. The stock is now traded at around $63.910000. The impact to a portfolio due to this purchase was 0.2%. The holding were 140,699 shares as of 2021-09-30.

New Purchase: Lendlease Global Commercial REIT (JYEU)

T. Rowe Price Real Assets Fund, Inc. initiated holding in Lendlease Global Commercial REIT. The purchase prices were between $0.84 and $0.92, with an estimated average price of $0.87. The stock is now traded at around $0.870000. The impact to a portfolio due to this purchase was 0.14%. The holding were 9,065,500 shares as of 2021-09-30.

Added: BHP Group Ltd (BHP)

T. Rowe Price Real Assets Fund, Inc. added to a holding in BHP Group Ltd by 158.69%. The purchase prices were between $36.39 and $54.06, with an estimated average price of $46.64. The stock is now traded at around $41.320000. The impact to a portfolio due to this purchase was 1.89%. The holding were 4,898,700 shares as of 2021-09-30.

Added: Wesdome Gold Mines Ltd (WDO)

T. Rowe Price Real Assets Fund, Inc. added to a holding in Wesdome Gold Mines Ltd by 98.57%. The purchase prices were between $10.06 and $12.93, with an estimated average price of $12.03. The stock is now traded at around $11.300000. The impact to a portfolio due to this purchase was 0.61%. The holding were 6,530,424 shares as of 2021-09-30.

Added: Simon Property Group Inc (SPG)

T. Rowe Price Real Assets Fund, Inc. added to a holding in Simon Property Group Inc by 61.12%. The purchase prices were between $117.19 and $136.42, with an estimated average price of $130.23. The stock is now traded at around $158.430000. The impact to a portfolio due to this purchase was 0.39%. The holding were 333,855 shares as of 2021-09-30.

Added: Granges AB (GRNG)

T. Rowe Price Real Assets Fund, Inc. added to a holding in Granges AB by 176.85%. The purchase prices were between $99.45 and $122.5, with an estimated average price of $113.07. The stock is now traded at around $106.800000. The impact to a portfolio due to this purchase was 0.29%. The holding were 1,596,252 shares as of 2021-09-30.

Added: NextEra Energy Inc (NEE)

T. Rowe Price Real Assets Fund, Inc. added to a holding in NextEra Energy Inc by 244.35%. The purchase prices were between $74.19 and $86.48, with an estimated average price of $80.63. The stock is now traded at around $91.320000. The impact to a portfolio due to this purchase was 0.28%. The holding were 323,086 shares as of 2021-09-30.

Added: ConocoPhillips (COP)

T. Rowe Price Real Assets Fund, Inc. added to a holding in ConocoPhillips by 24.13%. The purchase prices were between $52.44 and $68.04, with an estimated average price of $57.76. The stock is now traded at around $73.210000. The impact to a portfolio due to this purchase was 0.25%. The holding were 814,293 shares as of 2021-09-30.

Sold Out: Polymetal International PLC (POLY)

T. Rowe Price Real Assets Fund, Inc. sold out a holding in Polymetal International PLC. The sale prices were between $1208.4 and $1662.4, with an estimated average price of $1499.69.

Sold Out: CyrusOne Inc (CONE)

T. Rowe Price Real Assets Fund, Inc. sold out a holding in CyrusOne Inc. The sale prices were between $70.51 and $80.7, with an estimated average price of $75.23.

Sold Out: Sandstorm Gold Ltd (SAND)

T. Rowe Price Real Assets Fund, Inc. sold out a holding in Sandstorm Gold Ltd. The sale prices were between $5.6 and $7.96, with an estimated average price of $6.92.

Sold Out: Lundin Mining Corp (LUN)

T. Rowe Price Real Assets Fund, Inc. sold out a holding in Lundin Mining Corp. The sale prices were between $8.77 and $11.77, with an estimated average price of $10.47.

Sold Out: Digital Realty Trust Inc (DLR)

T. Rowe Price Real Assets Fund, Inc. sold out a holding in Digital Realty Trust Inc. The sale prices were between $144.45 and $168, with an estimated average price of $156.92.

Sold Out: Westlake Chemical Corp (WLK)

T. Rowe Price Real Assets Fund, Inc. sold out a holding in Westlake Chemical Corp. The sale prices were between $78.98 and $93.55, with an estimated average price of $85.74.

Here is the complete portfolio of T. Rowe Price Real Assets Fund, Inc.. Also check out:1. T. Rowe Price Real Assets Fund, Inc.'s Undervalued Stocks2. T. Rowe Price Real Assets Fund, Inc.'s Top Growth Companies, and3. T. Rowe Price Real Assets Fund, Inc.'s High Yield stocks4. Stocks that T. Rowe Price Real Assets Fund, Inc. keeps buyingThis article first appeared on GuruFocus.