Korea Zinc to build $7.4 billion smelter in US
Tweet
Share
E-mail
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
(Corrects the year when the smelter will start operations in third paragraph)
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 begin commercial operations gradually following construction from 2027 to 2029, it said.
(Reporting by Hyunjoo Jin and Heejin KimEditing by Ed Davies)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tens of thousands ordered to evacuate in Nevada as fire threatens Reno
- Hugging Face exploring sale valuing it at $13 billion, Business Insider says
- Commerzbank chair calls for review of German takeover rules after UniCredit bid
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
