Reported about 1 month ago
Teck Resources reported a profitable third quarter, largely attributed to increased copper production from its Chilean mine and robust copper prices driven by positive Chinese demand. The company noted an 11.7% year-over-year rise in copper prices, averaging $4.21 per pound, and achieved a 60% increase in copper output. However, it has revised its full-year copper production forecast downwards for the second time, anticipating between 420,000 to 455,000 tons due to labor issues and mining delays.
Source: YAHOO