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2 clusters · 3 sources · 23 days · First seen · Last updated

Korea Zinc strategic resource and energy transition

Overview

Korea Zinc is implementing a multi-faceted strategic expansion focused on resource circulation and renewable energy transition.

To address the concentration of global rare earth supply chains, the company is pursuing ‘urban mining’ by utilizing smelting and recycling technologies to recover minerals from electronic waste and magnets. This includes ‘Project Crucible’ in Tennessee and the development of high-purity separation technologies aimed at mastery by 2030. This effort is part of a broader ‘Troika Drive’ strategy encompassing renewable energy, secondary battery materials, and resource circulation.

In tandem with its resource strategies, Korea Zinc is expanding its renewable energy portfolio to reduce carbon emissions and mitigate electricity cost fluctuations. The company has secured a 20-year solar energy contract in South Korea to supply 11GWh annually. Internationally, the company utilizes solar energy for its Australian operations and is exploring green hydrogen and green ammonia production to support its energy transition.

Entities

Korea Zinc · Tennessee · Choi Yun-beom · KDB Future Strategy Research Institute

Timeline

  1. [BUSINESS] 2 sources
    Korea Zinc secures 20-year solar energy contract to reduce carbon emissions

    Korea Zinc secured a 20-year solar energy contract to supply 11GWh annually, aiming to reduce carbon emissions and stabilize electricity costs while expanding its global renewable energy portfolio.

  2. [BUSINESS] 3 sources
    Korea Zinc targets rare earth supply chain via urban mining

    Korea Zinc is positioning itself as a key player in the rare earth supply chain by utilizing ‘urban mining’ technologies to recycle minerals from electronic waste and building an integrated smelter in the US.

Sources

biz.heraldcorp.com · mbn.mk.co.kr · zdnet.co.kr