Korea Zinc

Korea Zinc, the world's largest zinc smelter, is making headlines due to its ambitious plan to build a $7.4 billion minerals refinery in the United States. This project has the backing of the US government, reflecting a strategic effort to secure domestic supply chains for critical minerals and reduce reliance on China. As part of the project's initiation, Korea Zinc will acquire two mining complexes and the only existing zinc smelter in the US, located in Tennessee. This development is significant given the current global economic climate, including rising US unemployment and new Canadian methane emission standards for the oil and gas sector, as the US aims to bolster its economy and reduce reliance on foreign sources for key resources. The investment highlights the increasing importance of securing critical mineral supply chains amid geopolitical tensions and economic uncertainties.