🇰🇷 SEOUL | Dec 31 (Reuters)
🔹 Korea Zinc announced it has slightly adjusted its planned share issuance, lowering the total size to 2.833 trillion won (≈ $1.94 billion) from the earlier 2.85 trillion won.
According to a regulatory filing, the revision reflects the finalised share price per unit along with foreign exchange rate movements, rather than any change in strategic direction.
🔧 Where the funds are going
The $1.94 billion capital raise will be used to establish a new non-ferrous metal smelter in Tennessee, USA, focused on producing strategic critical minerals, including:
Antimony → key for flame retardants, defense systems, and semiconductors
Gallium → essential for AI chips, EVs, and advanced electronics
🌍 Why this matters
Strengthens U.S. supply-chain independence for critical minerals
Positions Korea Zinc as a major player in Western clean-tech and semiconductor ecosystems
Aligns with growing U.S.–Asia industrial cooperation amid global resource reshoring
📈 Market Angle
Rising investments in critical minerals continue to attract attention across both traditional commodities and digital asset markets, especially as capital flows shift toward infrastructure, AI, and strategic resources.
#KoreaZinc #CriticalMinerals #Antimony #Gallium
#SupplyChainDiversification #USManufacturing #Commodities
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