04:00 PM EST, 03/04/2025 (MT Newswires) -- (Updates with comments from Teck spokesperson throughout.)

Teck Resources ( TECK ) is expecting "minimal impact" after US President Donald Trump earlier Tuesday imposed a 25% tariff on Mexican and Canadian imports, a company spokesman told MT Newswires.

Sales of refined zinc and lead as well as specialty metals such as germanium and indium and other industrial products from the company's smelting and refining complex in British Columbia to the US currently account for roughly 14% of its revenue, the spokesperson said.

"We do not currently anticipate a material impact as a result of tariffs," the spokesperson added. Teck has also engaged with its global customers "to ensure that those sales volumes remain robust."

The comments follow Teck Chief Executive Jonathan Price reportedly saying at an industry conference in Toronto that the miner has been preparing contingency plans ever since Trump took office in January.

The company has been reserving more warehouse and port space for its zinc exports while it looks for non-US buyers, Price reportedly said. "We will find buyers and prices will adjust," Reuters quoted Price.

Teck shares were recently down about 2%.

Price: 38.87, Change: -0.69, Percent Change: -1.74