All articles tagged with #smelter
The U.S. Defense Department is acquiring a 10% stake in a $7.4 billion zinc smelter in Tennessee, built in partnership with Korea Zinc, as part of efforts to reduce dependence on China for critical minerals essential for technology and defense industries.
Korea Zinc plans to build a $7.4 billion smelter in the US, backed by the government and investors, to secure supplies of critical minerals essential for technology, defense, and aerospace, positioning itself as a strategic national-security supplier amid geopolitical tensions.
Korea Zinc will purchase Nyrstar's Clarksville zinc smelter and build a $6.6 billion, 6.99 million-square-foot integrated smelting facility, creating 420 new jobs and strengthening U.S.-South Korea economic ties, with phased operations starting in 2029.
The US supports a $7.4 billion initiative to build a critical minerals smelter as part of its strategy to counter China's influence in the global supply chain.