SEOUL, December 15 (AJP) - Korea Zinc is considering building a strategic mineral smelter in the southeastern United States, according to media reports, on Monday.
The world’s largest non-ferrous metal smelting company convened an emergency board meeting at its Seoul headquarters to discuss the potential project, which could involve investment from the U.S. Department of Defense and local defense-related investors, according to industry sources.
The proposed smelter would position Korea Zinc as a key partner in the U.S.-led push to diversify rare earth and critical mineral supplies, following China’s tightening of export controls on key materials.
Shares of Korea Zinc rose more than 10 percent to 1,672,000 won as of 10:55 a.m.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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