China’s imports fell 3.8% from last year, raising doubts about the strength of the world’s second largest economy. This also marks a 10th straight month of lower import figures, and many are expecting Chinese regulators to introduce a stimulus package to curb these steep declines. Expectations of a Chinese economic intervention has had a positive effect on copper prices, as investors/analysts now expect an increase in demand for the constructive metal, which could also lift the stocks on our list today.
Teck Resources Ltd. (TSX: TCK.B) – $9.15
Diversified Mining
Teck Resources Limited is engaged in the business of exploring, acquiring, developing and producing natural resources. The Company is focused on steelmaking coal, copper, zinc and energy. Teck also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers. It explores for copper from its interests in Antamina in Peru, Quebrada Blanca and Carmen de Andacollo in Chile and Duck Pond in Newfoundland.
- Market Cap: $4,960,886,250
- Revenue (LTM, USD): $8,529,000,000
- Total Debt (LFQ, USD): $9,072,000,000
- Cash & Short Term Inv. (LFQ, USD): $1,327,000,000
>> Read More: 5 Small Caps With 1000%+ Analyst EPS Upgrades
Lundin Mining Corp. (TSX: LUN) – $4.38
Diversified Mining
Lundin Mining Corporation is a Canada-based mining company engaged in mining, exploration and development of mineral properties, such as base metals, primarily in Chile, Portugal, Spain, Sweden, the United States and the Democratic Republic of the Congo (DRC). The Company’s wholly-owned operating assets include the Neves-Corvo copper/zinc mine in Portugal, the Zinkgruvan zinc/lead mine in Sweden, the Aguablanca nickel/copper mine in Spain, and the Eagle nickel/copper mine in the United States.
- Market Cap: $3,120,113,893
- Revenue (LTM, USD): $2,001,701,829
- Total Debt (LFQ, USD): $1,228,889,562
- Cash & Short Term Inv. (LFQ, USD): $632,867,757
Ivanhoe Mines Ltd. (TSX: IVN) – $0.68
Diversified Mining
Ivanhoe Mines Ltd. (Ivanhoe) is a Canada-based mineral exploration and development company, whose principal properties are located in Africa. The Company’s projects include the Kamoa Project, Platreef Project and Kipushi Project. Ivanhoe’s Kamoa Project is a copper deposit located in the Central African Copperbelt, in Katanga Province, DRC. The Company’s Platreef Project is a PGE, gold, nickel and copper deposit located on the northern limb of the Bushveld Complex, in South Africa.
- Market Cap: $528,719,301
- Revenue (LTM, USD): $0
- Total Debt (LFQ, USD): $33,661,996
- Cash & Short Term Inv. (LFQ, USD): $220,228,821
>> Read More: North American markets start week higher following Chinese rebound
Katanga Mining Ltd. (TSX: KAT) – $0.17
Specialty Mining & Metals
Katanga Mining Limited (Katanga) is a Switzerland-based holding company that produces copper and cobalt metal and has copper and cobalt assets in the Democratic Republic of Congo (DRC). Through its subsidiaries, the Company operates mining and processing facilities for the production of copper and cobalt; conducts exploration and development of properties with the potential to yield copper and cobalt mineral resources, and holds a number of other mines.
- Market Cap: $340,696,616
- Revenue (LTM, USD): $1,232,311,685
- Total Debt (LFQ, USD): $3,642,114,538
- Cash & Short Term Inv. (LFQ, USD): $40,247,251
Polymet Mining Corp. (TSX: POM) – $1.15
Diversified Mining
PolyMet Mining Corp. (PolyMet) is a development-stage company, which is engaged in the exploration and development of natural resource properties. The Company’s sole mineral property is the NorthMet Project, which consists of NorthMet copper-nickel-precious metals ore body. The NorthMet Project covers a total of approximately 16,700 acres, or 25.9 square miles.
- Market Cap: $318,062,501
- Revenue (LTM, USD): $0
- Total Debt (LFQ, USD): $83,173,307
- Cash & Short Term Inv. (LFQ, USD): $11,997,245
