Teck Resources Secures Zinc Concentrate Deal with Korea Zinc
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2026
0mins
Should l Buy TECK?
Source: seekingalpha
Teck Resources Ltd. shares rose by 5.00% as the stock crossed above its 5-day SMA, reflecting positive market conditions.
The company has reached an agreement with Korea Zinc to sell zinc concentrates at a higher processing fee in 2026, driven by ongoing demand growth and rising market prices for zinc. This deal not only solidifies Teck's position in the zinc market but also enhances its competitive edge in the semiconductor industry through an improved product portfolio. The treatment charge for smelting semi-processed ores has increased to $85 per ton this year, indicating cost pressures that could impact future profit margins.
This agreement is expected to lead to higher revenues for Teck, especially as zinc futures have risen by 4.3% this year, reflecting strong market demand. The strategic implications of this deal position Teck favorably in the evolving metal processing landscape.
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Analyst Views on TECK
Wall Street analysts forecast TECK stock price to fall
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 48.570
Low
39.62
Averages
45.92
High
51.87
Current: 48.570
Low
39.62
Averages
45.92
High
51.87
About TECK
Teck Resources Limited is a resource company that operates a portfolio of copper and zinc operations across North and South America. The Company’s projects include the Highland Valley Copper (HVC) Mine Life Extension Project, Galore Creek Project, Zafranal Project, and NuevaUnion. The HVC Mine Life Extension is located at the HVC site, approximately 17 kilometers (km) west of Logan Lake and 75 kilometers southwest of Kamloops. The Galore Creek Project is situated in Tahltan Territory in northwestern British Columbia, around 370 km northwest of Smithers. The Zafranal Copper Project lies in the Arequipa Region of southern Peru, within the prolific porphyry copper belt. The NuevaUnion Project is a undeveloped copper-gold-molybdenum mining venture in the Americas, located in Chile’s Atacama Region; its two deposits are about 40 km apart. Its Red Dog Operations is a zinc mine located approximately 170 km (105 miles) north of the Arctic Circle in northwest Alaska, near Kotzebue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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