UPDATE 4-Korea Zinc plans $7.4 billion US smelter with US government funding
Published on: Dec. 15, 2025, 4:44 p.m. | Source: Devdiscourse
It will secure the remaining $5.5 billion for the plant through $4.7 billion in loans from the U.S. government and financial institutions, as well as $210 million in subsidies from the U.S. Commerce Department under the CHIPS and Science Act. Major Korea Zinc shareholders, who have been seeking to oust the refiner's chairman, lambasted the plan, saying it was aimed at cementing management's hold on the company.
