Teck profits swell on surging copper prices

Open this photo in gallery:Teck Resources' zinc and lead smelting and refining complex in Trail, B.C., in 2012. Ottawa recently announced it intends to invest up to $400-million in the smelter.DARRYL DYCK/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountRecord high copper prices and robust production propelled Teck Resources Ltd. TECK-B-T past analyst expectations in the second quarter. Vancouver-based Teck on Thursday reported a 25-per-cent jump in year-over-year copper production to just over 136,000 tonnes with the Highland Valley mine in Canada performing particularly well. The price of the commodity surged by 40 per cent year-over-year to an average of US$6.05 a pound in the quarter.

…

Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.