There are countless articles that argue either the bullish or the bearish case for the price of copper. The truth is, no one really knows what the price of copper will do. Fortunately what really matters to us is what Teck thinks it will do.

"Teck is of the opinion that the copper concentrate market will remain tight to 2020 due to an increase in smelting capacity ahead of mine production growth. With copper demand projected to grow at a rate of 3.1% per annum out to 2020, Teck predicts that demand will exceed refined production by close to 6.5 Mt in 2020, and therefore that additional mine production will be required to satisfy projected demand."