Korea Zinc Board to Discuss Building Smelter Under US Joint Venture

Korea Zinc's board will meet Monday to vote on a plan to build a smelter to refine key minerals in America under a joint venture with the U.S. government and companies, a source familiar with the issue said, adding that investments would total $6.8 billion.

South Korea's Yonhap News Agency reported that the U.S. government and companies will hold a 20% stake in the joint venture, saying the facilities are expected to produce antimony and germanium.

A spokesperson for Korea Zinc was not immediately available for comment.