The owner of the world’s largest zinc mine is in discussions to reroute output of the US operation away from China due to the trade war between Washington and Beijing, according to people familiar with the matter. Teck Resources’ Red Dog mine, some 170 km inside the Arctic Circle, accounts for about 5% of global zinc supply and 2.5% of lead. China is the world’s largest consumer of the two metals by far. More than 20% of Teck’s mined zinc production is sold to Chinese smelters including Nanfang Nonferrous Metals Group and China Minmetals Corp’s Zhuzhou Smelter Group. While global demand for zinc and lead concentrates ... (full story)