Did TECK publicly announce they had a copper shortage or is that only your opinion?
Our Copper Business
Teck is a significant producer of copper, with five operating mines and large development projects in Canada and South America. Copper plays an important role in meeting the world’s growing demand for infrastructure and products and is a vital component in power generation and transmission, construction, clean technology and electronics.
Copper accounted for 41% of our business in 2014.
Our Copper Operations
In 2014, we produced 333,000 tonnes of copper at our five copper mines: Quebrada Blanca and Carmen de Andacollo in Chile; Antamina in Peru; and Highland Valley Copper and Duck Pond in Canada. We have recently completed a mill optimization program at Highland Valley and we also have projects underway to expand capacity and increase the working lives of several of our other copper mines.
In addition, we are actively exploring and assessing development opportunities for new copper deposits in Canada, Chile, Mexico, the United States, Namibia, Peru, Turkey and Australia.