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Teck's bold Zafranal copper call

In a sign the market for base metals is set to come back, Teck Resources (CN:TCK.A) has agreed a deal to buy Vancouver-based junior AQM Copper (CN:AQM), in the process gaining another 30% of the Zafranal copper-gold project in southern Peru.

Teck's bold Zafranal copper call Teck's bold Zafranal copper call Teck's bold Zafranal copper call Teck's bold Zafranal copper call Teck's bold Zafranal copper call

Great expectations: Teck thinks copper is going up judging by its AQM Copper acquisition

Teck, which already owns 50% of the low-grade copper-gold project (Mitsubishi Materials owns the remaining 20%) and 30% of AQM, will pay C$25 million (US$18.