Korea Zinc to build $7.4 billion smelter in US
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FILE PHOTO: The logo of Korea Zinc is pictured during a press conference in Seoul, South Korea, October 22, 2024. REUTERS/Kim Hong-Ji/File Photo
SEOUL, Dec 15 (Reuters) - Korea Zinc said on Monday that it plans to build a smelter to produce key metals and minerals in the United States in a project that would cost $7.4 billion.
Korea Zinc said the U.S. government asked the company to build the facilities, to respond to the expansion of global supply chain risks and the increasing demand for non-ferrous metals and strategic minerals in the United States.
The smelter plans to produce major non-ferrous metals such as zinc, lead, and copper, precious metals such as gold and silver, and strategic minerals such as antimony, germanium, and gallium. It will start commercial operations gradually in 2027, it said.
(Reporting by Hyunjoo Jin and Heejin KimEditing by Ed Davies)
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