10 Best Commodity Stocks to Invest in According to Hedge Funds

3. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Investors: 68

Teck Resources Limited (NYSE:TECK) is a leading diversified commodities company committed to responsible mining and mineral development with major business units focused on copper, zinc, and other energy transition metals. The company operates projects in Canada, the United States, and Chile.

Teck Resources Limited (NYSE:TECK) is actively progressing a portfolio of near-term copper projects that are well-funded and have the potential to be sanctioned in 2025. At Highland Valley, the company has revised its environmental assessment and is making progress through the permitting process. The project is on track for completion of engineering and project execution planning by Q2 2025.

Similarly, the company is advancing its permitting application at the San Nicolas joint venture in Mexico and is closely monitoring the political situation to ensure a clear path forward. The company is also evaluating the feasibility of an underground operation at San Nicolas, which could provide additional flexibility and opportunities for value creation. Teck Resources Limited’s (NYSE:TECK) strategic focus on copper and other energy transition metals is driven by the growing demand for these materials in the shift towards renewable energy and electric vehicles.