Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Canada’s Teck Resources says that copper, zinc and steelmaking coal are some of the basic building blocks of a low-carbon future. Teck released a climate change outlook 2021 report on July 14, which highlights the demand for de-carbonizing metals. The company is taking several steps to become a carbon-neutral operator by 2050. 


Teck is rebalancing its portfolio with a major focus on copper which happens to be one of the critical metals for low-carbon technology and infrastructure. 


The company has fleshed out three different climate-related scenarios where each scenario will see continuous demand for core metals like copper, zinc and steelmaking coal. Low-emission vehicles, renewable energy generation, improved energy efficiency and energy storage and transformation could drive the growth for copper. 


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