Refined zinc from Teck’s Trail operations in British Columbia, Canada. Credit: Teck Resources
Canadian miner Teck has been developing plans to sell zinc to Asia instead of the US to circumvent tariffs from President Donald Trump’s administration on Canadian imports, CEO Jonathan Price on Tuesday.
Teck, which sells most of its refined zinc to the US, has been working on a contingency plan for months, Price told the PDAC mining industry conference in Toronto.
“We have been reserving warehousing capacity, looking to reserve space in ports to export the metals to Asia,” Price said.
“We will find buyers and prices will adjust.”
The additional warehousing and port spaces would be in Canada, a company representative said.
Trump’s 25% tariffs on imports from Canada as well as Mexico took effect on Tuesday, launching new trade conflicts with the United States’ three biggest trading…
