Final Thoughts
Teck Resources Producing Low-Carbon Zinc
Written by Laura Miller
March 30, 2023
Teck Resources is now producing zinc with a low-carbon footprint.
A new report independently reviewed by PricewaterhouseCoopers shows the extremely low-carbon footprint of refined zinc from Teck’s Trail Operations in British Columbia, Canada.
The report shows that Trail Operations’ zinc generates far less CO2e (carbon dioxide equivalent) per ton than the global average: 0.93 metric tons of CO2e vs. the global average of 3-4 metric tons.
“Zinc is a critical mineral, important for its role in protecting infrastructure and in technologies for the low-carbon transition,” said Teck’s CEO Jonathan Price. “Teck is focused on responsibly producing this critical mineral with a reduced-carbon footprint, and meeting the highest environmental and social standards.”
Teck is a mining company based in Vancouver, British Columbia.
Its Trail Operations has an annual production capacity of 310,000 metric tons of zinc.
In February, Teck announced its intention to reorganize its businesses into two independent companies. Teck Metals Corp. will produce low-cost base metals and Elk Valley Resources will produce steelmaking coal. Shareholders are set to vote on approval of the business separation at a meeting on April 26.
By Laura Miller, laura@steelmarketupdate.com
Laura Miller
Read more from Laura MillerLatest in Final Thoughts
Final Thoughts
Tariff-related noise aside, there is one basic factor keeping buyers on the sidelines. Despite recent declines, HR prices remain at historically high levels. And there is no obvious support to keep them there.
Final Thoughts
United Airlines raised eyebrows earlier this month when it provided two forecasts for 2025 – one assuming a relatively stable economy and another assuming a recession. The reason? Uncertainty around the impact of President Trump’s policy shocks on the broader economy. And it sometimes feels like we’re seeing a battle between those two narratives (stable vs recession) play out within in the pages of this newsletter.
Final Thoughts
Despite some scary headlines lately (especially about Trump potentially firing Fed Chair Jerome Powell) this is not October 2008 (financial crisis) or March 2020 (onset of the pandemic). But it sure seems like we’ve taken a relatively strong economy and poured a thick sauce of uncertainty over it.
Final Thoughts
I put some of our survey data through ChatGpt, with interesting results.
Final Thoughts
Nearly 50% of respondents to our latest survey thought hot-rolled coil prices have already peaked. And where will those prices be two months from now? Responses were decidedly split on that question.