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25 Feb
19:06

Teck expects H1 reduction of high coal inventories

Record-high steelmaking coal inventories due to severe weather impacts are expected to be reduced in the first half of this year, says Canada’s Teck Resources. Teck reported record low coal mine inventories in the first part of November after an upgrade to its Neptune Bulk Terminals port project. Inventories were then pushed to record highs, however, after extreme flooding and associated damage to rail infrastructure was followed by extreme cold weather in B…
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