Russia a major coal exporterSo,the banning of coal exports from Russia should be a positive for Teck.Article below.Don't know how much met coal Russia exports.
Russia’s invasion of Ukraine, and the resulting Western sanctions on Russian exports, is disrupting global oil and gas markets. That’s not surprising, since Russia accounts for a huge share of both crude oil and natural gas exports, with much of those sales going to Europe. What is less widely known is that Russia is also a major player in global coal markets. According to the Department of Energy, it ranks third among coal-exporting countries, after Australia and Indonesia. Losing some of those coal supplies due to sanctions means that importers are going to need to turn to alternate coal suppliers. According to analysis provided to A Step Ahead by S&P Global Commodity Insights, the U.S. stands to be one of those alternate suppliers. We already rank as the sixth-largest coal exporter, per DOE data. According to Wendy Schallom, senior analyst, coal & power markets at S&P Global Commodity Insights, U.S. coal producers that were already benefiting from rising coal prices will have the financial wherewithal to invest in higher mine output, so that they can take advantage of reduced Russian coal sales. If the Ukraine conflict and resulting sanctions on Russia prove long-lasting, she says that it will be U.S. coal producers that end up supplying most of the additional exports the world needs to make up the difference.