Teck Resources (TECK) is looking to reroute zinc mined from its Red Dog mine in Alaska away from China amid the tariff war between the US and China, Bloomberg reported Tuesday, citing people close to the matter.
More than 20% of Red Dog's mined zinc production goes to smelters in China, including Nanfang Nonferrous Metals Group and China Minmetals Corp's Zhuzhou Smelter Group, the report said.
The company could replace the zinc concentrates produced at Red Dog with concentrates from third parties or with supplies from its non-US mines, the report said.
An effort to reroute supplies from the Alaskan mine could prove to be difficult, Bloomberg said, adding that the mine is so large that the industry uses the annual deals signed for the deposit's output as a global pricing benchmark.
Teck Resources didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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