Korea Zinc to construct $7.4 billion smelter in US

(Corrects the yr when the smelter will begin operations in third paragraph)

SEOUL, Dec 15 : Korea Zinc mentioned on Monday that it plans to construct a smelter to supply key metals and minerals within the United States in a venture that may value $7.4 billion.     

Korea Zinc mentioned the U.S. authorities requested the corporate to construct the amenities, to reply to the growth of worldwide provide chain dangers and the rising demand for non-ferrous metals and strategic minerals within the United States.

The smelter plans to supply main non-ferrous metals resembling zinc, lead, and copper, treasured metals resembling gold and silver, and strategic minerals resembling antimony, germanium, and gallium. It will start business operations progressively following development from 2027 to 2029, it mentioned.