Korea Zinc's $7.4B US Plant: Boosting US-South Korea Cooperation

Korea Zinc and the U.S. to Build $7.43 Billion Plant: A Strategic Move for Critical MineralsKorea Zinc, the worlds leading zinc producer, plans to construct a colossal $7.43 billion plant in the U.S., aiming to produce essential metals and minerals. This joint venture, set to begin in 2027 and complete by 2029, will strengthen supply chain ties between Seoul and Washington. The U.S. government and strategic investors will contribute $1.94 billion, securing a significant share. The plant, located in Clarksville, Tennessee, will produce 300,000 metric tons of zinc, 200,000 tons of lead, 35,000 tons of copper, and 5,100 tons of rare minerals annually. The project may also expand to produce other strategic minerals, bolstering economic and security cooperation between the two nations amidst global resource leverage trends.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.