While the financial world buzzes about Teck Resources' (NYSE:TECK) copper ambitions and the impending sale of their steelmaking coal business, a subtle shift in their zinc operations might be the key to unlocking a hidden treasure trove of value. Buried within the recent earnings calls lies a tale of operational mastery and market anticipation, a story of a "Zinc Whisperer" quietly positioning Teck to ride a coming zinc wave.

Let's be clear: copper is sexy. It's the metal of the future, the electrifying heartbeat of the green energy transition. But while the spotlight shines on copper, zinc is quietly becoming the metal that can't be ignored. Global zinc mine production, battered by low prices, has taken a significant hit, falling almost a million tonnes short of projected 2024 levels. Teck's own Ian Anderson, Chief Commercial Officer, described the zinc market as experiencing "tightness" – a diplomatic term that masks the brewing storm of scarcity.

This is where Teck's unsung hero steps in: Shehzad Bharmal, Senior Vice President of Base Metals. Leading both copper and zinc operations, Bharmal seems to possess an almost intuitive understanding of zinc's potential. His recent actions suggest he's not just managing zinc assets, he's actively *orchestrating* them for maximum impact in a tightening market.

Consider the KIVCET boiler replacement at Trail operations. While the second quarter will see the lead circuit impacted, Bharmal assures us the zinc circuit will remain largely unaffected. This isn't just operational efficiency, it's strategic brilliance. By minimizing disruption to zinc production during a period of market tightness, Bharmal is maximizing Teck's ability to capitalize on rising zinc prices.

Furthermore, despite declining grades at Red Dog, Bharmal is expecting an *increase* in refined zinc production at Trail in 2024. How is this possible? By leveraging "improved concentrate availability". This suggests a savvy inventory management strategy, perhaps stockpiling concentrate during the period of low prices, ready to unleash it when the market turns.

Zinc Production Forecasts

The following chart illustrates Teck's projected zinc production at Trail operations, based on information from recent earnings calls. Note the anticipated increase in 2024 despite declining grades at Red Dog.

The numbers paint a compelling picture. Zinc prices, after languishing in the doldrums, have recently hit a 52-week high. While still below 2022 peaks, the trajectory is undeniable. Teck, under Bharmal's guidance, is perfectly positioned to reap the rewards.

Here's the potential scenario: as zinc scarcity intensifies and prices continue their upward climb, Teck's zinc operations, with their optimized production and strategic inventory, become a cash-generating machine. This "zinc surplus" could significantly bolster the company's financial position, exceeding analyst expectations and fueling further copper growth.

Think of it this way: while everyone focuses on Teck's copper sprint, Bharmal is quietly running a zinc marathon. He's pacing himself, conserving energy, and waiting for the opportune moment to surge ahead. Investors who recognize this hidden strategy might find themselves holding a winning ticket in the zinc race.

This is not to say Teck is neglecting copper. The completion of QB2 construction and its subsequent ramp-up is a monumental achievement. But it's precisely this copper focus that creates a blind spot, obscuring the brilliance of Bharmal's zinc play. He is, quite possibly, the "Zinc Whisperer" who could quietly transform Teck Resources into a powerhouse of both copper and zinc, exceeding even the most ambitious expectations.

Remember: don't underestimate the quiet power of zinc. In a world hungry for metals, it might just be the key to unlocking a future of staggering value. And Teck Resources, with their Zinc Whisperer at the helm, might just be the company to lead the charge.

"Fun Fact: Zinc is an essential nutrient for humans and plays a vital role in immune function, wound healing, and cell growth. It's even used in sunscreen to protect our skin from the sun's harmful rays!"