Copper price hits new high after Teck cuts production forecast

Quebrada Blanca mine in Chile is Teck’s largest copper project. (Image courtesy of Teck Resources.) Copper surged to a 16-month high in London after Teck Resources (TSX: TECK.A, TECK.B)(NYSE: TECK) lowered its copper production guidance for 2025 after persistent setbacks at its Quebrada Blanca (QB) mine in Chile and Highland Valley Copper (HVC) operation in Canada.Prices climbed as much as 0.5% to $10,815 per tonne on the London Metal Exchange. The company said it now expects to produce 170,000 to 190,000 t ...