Korea Zinc to build $7.4 billion smelter in Tennessee

Development Mining announced US Mar 13, 2026

USD7.4B

Deal Value

In December 2025, Korea Zinc announced plans to build a $7.4 billion smelter in Tennessee, with significant funding from the US government. This smelter will be capable of producing 540,000 tons of non-ferrous metals, including critical minerals such as antimony, gallium, and germanium, addressing supply chain concerns for rare earths.

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Counterparts (2)

Developer

Korea Zinc is a global leader in non-ferrous metal smelting and refining, primarily zinc and lead. The company is actively diversifying its business portfolio into future growth engines, including renewable energy generation, green hydrogen production, and battery materials, positioning itself as a key player in the global energy transition and circular economy.

Lender

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Timeline

Announced

Mar 13, 2026

Signed

Closed

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Source

www.datacenterdynamics.com

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