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Latest Teck setbacks in Chile underscore copper supply struggles
Teck Resources’ lowered production guidance for its flagship Chilean mine in the latest setback to the Canadian company’s efforts to join the copper big leagues. The sprawling Quebrada Blanca open-pit operation in the high Andes is grappling with tailings storage issues, which is requiring additional spending and restricting production, Teck said in an earnings statement and call Thursday. The tailings hitches follow plant and geotechnical setbacks that have disrupted Quebrada Blanca’s ramp-up after a major overhaul that came in $4 billion over budget and years behind schedule. The struggles at an operation ... (full story)
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- Jul 25, 2025 3:29am Posted byFundamental Analysis304
