Jim Cramer recently discussed Teck Resources Limited (NYSE:TECK) following its merger announcement with Anglo-American, which has boosted its shares by 14%. The deal creates one of the largest mining companies globally. Teck Resources Limited (NYSE:TECK) was struggling before the merger due to falling coal prices. Cramer highlighted the importance of copper in data centers.

Teck Resources Limited (NYSE:TECK) management discussed the Highland Valley Copper Mine Life Extension project during their Q2 2020 earnings call. The project is expected to produce 132,000 tonnes of copper per year until 2046. The capital estimate for the project is now between CAD 2.1 billion to CAD 2.4 billion due to various factors like inflation and tariffs on construction materials.

While Teck Resources Limited (NYSE:TECK) shows potential as an investment, some AI stocks may offer higher returns with limited downside risk. A report on the best short-term AI stock that benefits from Trump tariffs and onshoring is available for those seeking a cheap AI stock.

Explore more stock options with articles on 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Jim Cramer Discusses Teck Resources (TECK)’s Mega $53 Billion Merger