Teck Resources in talks to supply key defense minerals to Canada, U.S., FT says

Teck Resources (TECK) is holding talks with the U.S. and Canada about supplying minerals key to their defense industries, if it can obtain support such as minimum prices and agreements to buy, Financial Times’ Camilla Hodgson, Leslie Hook and Ryohtaroh Satoh report. Negotiations about the possible supply of germanium, antimony and gallium, which were disclosed by Teck chief executive Jonathan Price on Friday, come as western countries face tightening export restrictions imposed by China on the niche minerals, the authors note. “We believe we can produce enough germanium to supply all of the needs of North America and potentially all of the needs of the G7 countries,” Price told the FT Metals and Mining Summit on Friday.