On Monday, Korea Zinc announced a $7.4 billion project to build a smelter in Tennessee, supported by the U. S. government. This development aims to reduce America's dependency on China for essential minerals used in technology and defense.
• The facility will produce 540,000 tons per year of critical materials, including gallium, germanium, and antimony.
• Commerce Secretary Howard Lutnick praised the investment, stating it would secure supply chains, create jobs, and help maintain the U. S. leadership in technology.
• Senator Bill Hagerty highlighted the project as a significant win for Tennessee and a boost to national security, providing high-paying jobs for locals.
• Korea Zinc, the world's largest zinc smelting company, plans to buy Nyrstar Zinc in Clarksville and establish its U. S. headquarters along with the new smelter, which is set to generate about 420 jobs.
• The focus on critical minerals aims to lessen U. S. reliance on China, particularly after recent tensions over export controls.
The Korea Zinc smelter project represents a strategic effort to enhance America's mineral production abilities and strengthen its national security while supporting local economies.
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