#us-government-funding

#us-government-funding

Korea Zinc will start the project by acquiring two mining complexes and the only US zinc smelter, which is in Tennessee. Korea Zinc, the world's largest zinc smelter, has announced a $7.4bn smelter project that will be funded largely by the United States government as Washington pushes to cut its reliance on China for a range of critical minerals. Under the plan, which the company announced on Monday, Korea Zinc will sell new shares worth $1.9bn to a joint venture controlled by the US government