02:40 PM EDT, 04/02/2024 (MT Newswires) -- (Updates with Tech Resources response in the third paragraph)

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.

However, these treatment charges fall when mine output decreases as smelters compete for concentrate, the report said. Korea Zinc declined to comment.

A Teck spokesperson told MT Newswires it does not comment on commercial negotiations.

Korean Zinc did not immediately respond to MT Newswires' request 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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