Teck said its average realized price for copper rose about 15% to $4.51 per pound in the quarter from a year earlier, while its realized steelmaking coal prices more than doubled
, reported a fivefold jump in first-quarter profit on Wednesday, aided by higher prices for copper and steelmaking coal.
Teck said its average realized price for copper rose about 15 per cent to $4.51 per pound in the quarter from a year earlier, while its realized steelmaking coal prices more than doubled to $357 per tonne. Miners have been battling logistical delays, rising costs of key supplies such as equipment and explosives, particularly since March when the Russia-Ukraine conflict disrupted their supply chains.
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