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Glencore's Teck zinc corner

Lost in the nationalistic rhetoric against Glencore’s hostile bid for Canada’s Teck Resources and what this may mean for copper and coal, is the profound change that could occur in the zinc market if a transaction is consummated.

Glencore's Teck zinc corner Glencore's Teck zinc corner Glencore's Teck zinc corner Glencore's Teck zinc corner Glencore's Teck zinc corner

Teck Resources' Red Dog in Alaska, USA

The prize in this scenario is an unloved base metal which is destined to be one of the big winners in the energy transition.