Teck Resources Ltd. TECK recently provided an update on its third-quarter 2022 steelmaking coal sales volumes and realized prices.Teck Resources’ third-quarter steelmaking coal sales were 5.6 million tons in the September quarter, lower than the volume of 5.9 million reported in the year-ago quarter. The figure, however, came near the lower end of the recently updated guidance of 5.5-5.9 million tons. The third quarter’s performance also marked an 11% sequential drop.Management on Sep 20, 2022, had lowered steelmaking coal sales guidance for the quarter to the abovementioned range from the prior guided range of 5.8-6.2 million tons. This was due to the impact of operational halts at Teck Resources’ Elkview steelmaking coal plant following a structural failure of the feed conveyor belt. The recent labor action at Westshore Terminals was also a reason for the downgrade.Teck Resources reported an average realized steelmaking coal price of $304 per ton in third-quarter 2022. The figure marked an increase from $237 per ton in the third quarter of 2021. TECK had witnessed record high realized steelmaking coal prices of $453 per ton in the second quarter of 2022.FOB Australia prices continued to increase in the second quarter and reached a record mark, declining thereafter from the peak level. TECK expects to record provisional pricing adjustments of a negative $191 million in the quarter due to the dip in steelmaking coal prices during the quarter.Lower steelmaking volumes and lower metal prices (copper, zinc, gold and silver) are expected to get reflected in Teck Resources’ third-quarter results, scheduled to be reported on Oct 27.The Zacks Consensus Estimate for the third quarter of 2022 is currently pegged at $3.37 billion, suggesting growth of 6.7% from the prior-year quarter’s reading. The same for earnings stands at $1.38, indicating a decline of 7.4% from $1.49 reported in the year-ago quarter.Price PerformanceImage Source: Zacks Investment ResearchShares of Teck Resources have rallied 24% in the past year against the industry's decline of 8.8%.Zacks Rank & Stocks to ConsiderTeck Resources currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the basic materials space are Albemarle Corp. ALB, ATI Inc. ATI and Veritiv Corp. VRTV, each currently flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Albemarle has a projected earnings growth rate of 427% for the current year. The Zacks Consensus Estimate for ALB's current-year earnings has been revised 19% upward in the past 60 days.ALB’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average being 24.2%. The stock has gained around 26% in the past year.ATI, currently flaunting a Zacks Rank of 1, has an expected earnings growth rate of 1,454% for the current year. The consensus estimate for ATI’s current-year earnings has been revised 23% upward in the past 60 days.ATI’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average being 130.4%. ATI has gained around 67% over the past year.Veritiv has a projected earnings growth rate of 136% for the current year. The Zacks Consensus Estimate for VRTV’s current-year earnings has been revised 15% upward in the past 60 days.Veritiv has a trailing four-quarter earnings surprise of 36.9%. VRTV has rallied roughly 11% in a year’s time. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.>>Yes, I Want to Help Protect My Portfolio During the RecessionWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ATI Inc. (ATI): Free Stock Analysis Report Albemarle Corporation (ALB): Free Stock Analysis Report Veritiv Corporation (VRTV): Free Stock Analysis Report Teck Resources Ltd (TECK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research