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Home / Metal News / Teck Posts Lower Lead, Zinc Yields in First Quarter, Scales Back Production Target for 2017

Teck Posts Lower Lead, Zinc Yields in First Quarter, Scales Back Production Target for 2017

Apr 26, 2017 14:11

Source:SMM

Teck Resources Limited’s zinc output at its Red Dog mine fell 23% year-on-year in the first quarter of 2017 because of adverse weather and production interruption caused by power outage, according to

SHANGHAI, Apr. 26 (SMM) - Teck Resources Limited’s zinc output at its Red Dog mine fell 23% year-on-year in the first quarter of 2017 because of adverse weather and production interruption caused by power outage, according to the company’s quarterly report.

Lead production declined 11% on a yearly basis. Higher lead grade offset such declines.

Rio Tinto Releases Major Products Output in First Quarter, Lowers Target for 2017

MMG Releases Major Metals Output in First Quarter

The company lowers zinc production target at the mine to 475,000-500,000 tonnes in 2017 due to lower ore quality and equipment breakdown, compared to 545,000-565,000 tonnes previously expected. Lead production target was left at 110,000-115,000 tonnes.

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On the one hand, Teck Resources has signed an annual zinc concentrate contract with a 45% increase in TCs to $230/dmt. An escalation clause was included: if the prices of zinc exceed $3,800/mt, TCs will rise by $0.05/mt for every $1/mt increase in the prices of LME zinc, but if the zinc prices fall, TCs will remain unchanged (the same as the 20%/80% price sharing scheme in China).

Apr 11, 2022 15:09

Analysis

A Short Squeeze May Occur Overseas Followed by the Domestic Market

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

Total zinc ingots inventories across seven major markets in China stood at 278,000 mt as of April 8, up 5,200 mt from April 1, down 300 mt from March 6. Domestic inventories increased.

Apr 8, 2022 16:45

SMM Insight

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

Shanghai and LME metals all closed in the positive territory as the market awaits the US CPI, which is expected to record the fastest growth in 40 years.

Feb 10, 2022 10:00

SMM Comments

SMM Morning Comments (Feb 10): Base Metals Closed with Gains as Market Awaits US CPI

[SMM Review] Lead Prices Are Expected to Rally

LME lead prices dropped during the Chinese New Year (CNY) holiday. As of February 4, LME lead closed at $2210.5/mt, down $39.5/mt or 1.76% on a weekly basis.

Feb 7, 2022 13:41

SMM Insight

[SMM Review] Lead Prices Are Expected to Rally

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

Shanghai nonferrous metals closed mixed in the last trading day ahead of the Chinese New Year. The market was basically in the holiday mood, while the better-than-expected US GDP reading for the past quarter aroused some discussions.

Jan 28, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 28): Shanghai Nonferrous Metals Closed Mixed in the Last Trading Day ahead of CNY

SMM Evening Comments (Jan 26): Shanghai Nonferrous Metals Closed Mixed ahead of Fed’s Rate Meeting

Shanghai nonferrous metals closed mixed today ahead of the US Fed’s interest rate meeting, and the market generally believed that the first interest rate hike will happen in March. Meanwhile, the tension between Russia and Ukraine also disturbed the market

Jan 26, 2022 19:00

SMM Comments

SMM Evening Comments (Jan 26): Shanghai Nonferrous Metals Closed Mixed ahead of Fed’s Rate Meeting

LME Lead Kept Rising, Supporting SHFE Lead to Stand High

The LME lead fell for two days early last week, risking $2,316.5/mt, and then kept rising for two straight days in the second half of the week, before pulling back slightly on Friday.

Jan 25, 2022 13:26

SMM Insight

LME Lead Kept Rising, Supporting SHFE Lead to Stand High

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

Shanghai base metals fell across the board overnight after the investors left the market with profits. LME metals performed similarly on Tuesday.

Jan 25, 2022 09:51

SMM Comments

SMM Morning Comments (Jan 25): SHFE Base Metals Fell across the Board Overnight, Nickel Slumped 6.88%

SMM Morning Comments (Jan 24): SHFE Base Metals Closed Mixed on Friday ahead of the US Fed Interest Meeting

Shanghai base metals closed mixed on Friday night ahead of the US Fed’s interest meeting. LME metals basically dropped in the trading on Friday.

Jan 24, 2022 09:54

SMM Comments

SMM Morning Comments (Jan 24): SHFE Base Metals Closed Mixed on Friday ahead of the US Fed Interest Meeting

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Shanghai nonferrous metals all closed with gains as the quarterly report released by the People's Bank of China signalled loosening monetary policy.

Nov 22, 2021 19:00

SMM Comments

SMM Evening Comments (Nov 22): Shanghai Nonferrous Metals All Closed with Gains amid Loosening Signal from PBOC

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Teck Posts Lower Lead, Zinc Yields in First Quarter, Scales Back Production Target for 2017

SMM Events & Webinars

APAC (9th) Stainless Steel Industry Conference 2024

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage