Korea Zinc Sinks 13% as Largest Shareholder Group Challenges U.S.-Backed Plans for Tennessee Smelter

Korea Zinc sinks 13% as largest shareholder group challenges U.S.-backed plans for Tennessee smelter

Korea Zinc's largest shareholder group is reportedly opposing plans to create a U.S.-backed joint venture that will see a dilution of the group's stake in the company.

Korea Zinc to build $7.4 billion facility in Tennessee

Korea Zinc is expanding its business in a big way in the United States. Korea Zinc said on Monday it will build a $7.4 billion critical minerals refinery in Tennessee that will be funded largely by Washington and help cut U.S. reliance on China for the building blocks of most electronics and weapons. “The Trump administration will continue to leverage every tool at our disposal to end America’s foreign dependence for critical minerals and restor…

Trump secures deal with Korea Zinc to build rare earths processing facility in Tennessee — facility expected to have annual output of 540,000 tons of gallium, germanium, indium, and other resources

U.S. President Donald Trump secures an investment from a South Korean firm to build a rare earth refinery in Tennessee.

Korea Zinc Shares Tumble 13% Amid Shareholder Clash Over U.S. Expansion Plans - Internewscast Journal

Korea Zinc, the world's leading zinc smelting company, saw its stock plummet by over 13% on Tuesday. The sharp decline comes amid reports that its largest

Young Poong-MBK Partners File for Injunction to Block Korea Zinc’s Third-party Share Issuance

The logos of Young Poong Group (left) and Korea Zinc (Photo courtesy of Young Poong Group) Young Poong and MBK Partners, the largest shareholders of Korea Zinc, announced on Dec. 16 that they have filed for an injunction with the Seoul Central District Court to prohibit the third-party allotment capital increase approved by the company’s board of directors. The shareholders emphasized that the injunction should not be interpreted as opposition t…