Joint venture with US agencies targets critical minerals amid China curbs
Korea Zinc, the world’s largest zinc smelter, plans to build a large-scale facility in the US to process critical materials through a partnership with the US government and private companies, with the total investment estimated at 10 trillion won ($6.77 billion), according to industry sources Monday.
Korea Zinc’s board convened earlier in the day to decide on the US investment, with the meeting ongoing as of press time, according to the company.
The proposed smelter will be developed through a joint venture
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