By Reuters
June 20, 2025
June 20, 2025
The Teck Resources logo is seen on a podium before the company's special meeting of shareholders, in Vancouver, B.C.
THE CANADIAN PRESS/Darryl Dyck
LONDON — Canada’s Teck Resources is weighing options to expand production of germanium, a strategic metal key to chipmaking, and is currently talking with governments, including Canada and the United States, on available funding, said Doug Brown, VP communications & government affairs.
Teck’s plan comes amid growing efforts to diversify supplies of critical minerals needed for the tech and defense sectors, as geopolitical tensions and trade barriers complicate access to materials mainly produced or refined in China.
“We are examining options and market support for increasing production capacity of germanium,” he told Reuters.
China, which supplies around 60 per cent of the world’s refined germanium, restricted exports of the metal - along with gallium and antimony, all having broad military applications - to the United States, further escalating trade tensions between the world’s two largest economies following Washington’s crackdown on Beijing’s chip sector.
The export curbs were part of a broader effort launched in 2023, when China began imposing restrictions on critical mineral shipments, citing national security concerns.
By controlling the export of these minerals, China aims to exert influence over the industries that use them, including renewable energy, defense, and chip manufacturing.
Germanium is also used in semiconductors and infrared technology, fiber optic cables and solar cells.
LONDON — Canada’s Teck Resources is weighing options to expand production of germanium, a strategic metal key to chipmaking, and is currently talking with governments, including Canada and the United States, on available funding, said Doug Brown, VP communications & government affairs.
Teck’s plan comes amid growing efforts to diversify supplies of critical minerals needed for the tech and defense sectors, as geopolitical tensions and trade barriers complicate access to materials mainly produced or refined in China.
“We are examining options and market support for increasing production capacity of germanium,” he told Reuters.
China, which supplies around 60 per cent of the world’s refined germanium, restricted exports of the metal - along with gallium and antimony, all having broad military applications - to the United States, further escalating trade tensions between the world’s two largest economies following Washington’s crackdown on Beijing’s chip sector.
The export curbs were part of a broader effort launched in 2023, when China began imposing restrictions on critical mineral shipments, citing national security concerns.
By controlling the export of these minerals, China aims to exert influence over the industries that use them, including renewable energy, defense, and chip manufacturing.
Germanium is also used in semiconductors and infrared technology, fiber optic cables and solar cells.
Teck is exploring ways to add to the current processing line using existing technology as one of the options, Brown said.
Teck is North America’s biggest germanium producer, and the fourth largest globally. Most of its germanium, a by-product of zinc ore concentrate at its Red Dog operations in Alaska, goes to the United States, via smelting and refining in British Columbia.
Canada’s germanium exports to the United States are currently exempt from tariffs as they comply with the USMCA (United States, Mexico, Canada) trade agreement.
Teck is North America’s biggest germanium producer, and the fourth largest globally. Most of its germanium, a by-product of zinc ore concentrate at its Red Dog operations in Alaska, goes to the United States, via smelting and refining in British Columbia.
Canada’s germanium exports to the United States are currently exempt from tariffs as they comply with the USMCA (United States, Mexico, Canada) trade agreement.
In a speech in Washington last January, Canada’s Energy and Natural Resources Minister Jonathan Wilkinson welcomed partnerships with the United States to invest in critical minerals, including germanium.
Canada’s Energy Ministry declined to comment on funding for Teck, while saying that the prime minister is leading broader trade negotiations with the United States.
(Reporting by Clara Denina; editing by David Evans)
Teck receives provincial certificate to extend B.C. Interior copper mine
By The Canadian Press
June 17, 2025
By The Canadian Press
June 17, 2025
Teck's Highland Valley Copper mine is pictured in British Columbia's interior
THE CANADIAN PRESS/Jonathan Hayward
Vancouver-based mining company Teck Resources says it has received an environmental assessment certificate from the B.C. government to extend the life of the Highland Valley Copper Mine.
Teck says in a release that the positive decision supports the extension for Canada’s largest copper mine.
The mine is located about 50 kilometres southwest of Kamloops, B.C.
Teck president Jonathan Price says in a statement that site preparation work is expected to start shortly along with work to secure additional required permits, with a final construction decision by Teck’s board of directors expected later this year.
Price says the decision will not only support the extension, but will strengthening the North America critical minerals supply chain and contribute to jobs and economic activity.
The company says the project is expected to create roughly 2,900 jobs during construction and support 1,500 jobs once in operation.
This report by Chuck Chiang, The Canadian Press, was first published June 17, 2025.
Vancouver-based mining company Teck Resources says it has received an environmental assessment certificate from the B.C. government to extend the life of the Highland Valley Copper Mine.
Teck says in a release that the positive decision supports the extension for Canada’s largest copper mine.
The mine is located about 50 kilometres southwest of Kamloops, B.C.
Teck president Jonathan Price says in a statement that site preparation work is expected to start shortly along with work to secure additional required permits, with a final construction decision by Teck’s board of directors expected later this year.
Price says the decision will not only support the extension, but will strengthening the North America critical minerals supply chain and contribute to jobs and economic activity.
The company says the project is expected to create roughly 2,900 jobs during construction and support 1,500 jobs once in operation.
This report by Chuck Chiang, The Canadian Press, was first published June 17, 2025.
No comments:
Post a Comment