Teck Resources Limited is actively exploring options to reroute zinc concentrate from its Red Dog mine in Alaska, currently destined for China. This strategic consideration comes amidst escalating trade tensions and the potential for a US-China tariff war.
The company's discussions to find alternative buyers for its Alaskan zinc output reflect a proactive approach to managing geopolitical risks and ensuring supply chain stability. While Red Dog concentrate sales to China represent less than 20% of Teck's total zinc and lead concentrate sales, the company is seeking to diversify its customer base further.
Teck's agile commercial strategy and established logistics capabilities are enabling it to adapt quickly to changing market conditions. This move aims to mitigate any potential impact on its business from tariffs or other trade restrictions, reinforcing its commitment to resilient operations.
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