We are surprised that Teck agreed to the merger on these terms, and wouldn’t be surprised if there is a twist in the tale.

Results were softer than expected.

Record copper volumes are reported.

We forecast a recovery in lithium prices by the end of 2026 as demand continues to increase.

Quarterly performance solid in key iron ore and copper divisions.

Strong results on the back of elevated gold prices.

After reporting results these two shares are undervalued.

Reduced payout rate and lower dividend but we leave our fair value unchanged.

First half results largely met our expectations.

Deterra owns a unique and world-class asset but is only suitable for investors who know what they are signing up for.