Why Teck May Have Most to Gain If Zinc Refiners Are Squeezed
- Canadian diversified miner produces more zinc than it refines
- Fall in benchmark processing fees could mean lower costs
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Teck Resources Ltd. may stand to gain the most of any mining company should a supply shortfall in zinc force smelters to slash the fees they charge miners to refine the metal.
The Vancouver-based company mines more zinc than it refines, resulting in a net-“long” position in unrefined zinc that’s the largest in the world, Teck has said, citing Wood Mackenzie data.