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flag Korea Zinc to build U.S. smelter with government backing to cut China reliance on key minerals.

flag Korea Zinc’s board is set to discuss a $6.8 billion plan to build a U.S. smelter in a joint venture with the U.S. government and American companies, aiming to reduce reliance on China for critical minerals like antimony and germanium. flag The project, which could involve a 10% to 20% U.S. government stake and significant debt financing, follows a 2024 Chinese export ban on key materials. flag The proposal has drawn criticism from major shareholders who question its strategic and governance implications. flag The smelter would support U.S. efforts to secure supply chains for semiconductors, defense, and clean energy technologies.

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