01:44 PM EDT, 04/02/2024 (MT Newswires) -- Teck Resources' ( TECK ) agreement to pay Korean Zinc to treat zinc concentrate into refined metal at $165 per metric ton stands at a three-year low, Reuters reported Tuesday, citing sources familiar with the matter.

Teck Resources ( TECK ) told Reuters it does not comment on negotiations. However, these treatment charges, or TCs, fall when mine output decreases as smelters compete for concentrate, the news outlet said. Korea Zinc declined Reuters' request.

Neither Teck Resources ( TECK ) nor Korean Zinc immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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