Korea Zinc to build $7.4 bln critical minerals smelter in U.S.

Korea Zinc, the world's largest zinc smelting company, is to invest $7.4 billion in constructing a large-scale smelter in Tennessee, in the southeast United States, with support from the U.S. government, according to the company's announcement on Monday.

The specific plan involves taking over the existing zinc smelter in Clarksville, Tennessee, owned by Nyrstar – an international producer of industrial and critical minerals and metals – and upgrading the infrastructure by applying its own smelting technology, processes, and control systems. The Nyrstar facility is the only zinc