Korea Zinc Rare Earth Refining Facility

planned

Korea Zinc plans to establish a rare earth refining facility in the United States, representing the first major U.S. rare earth refining capacity addition in approximately 20 years. This facility aims to restore domestic rare earth separation capacity, which has been absent since MOLYCORP's Mountain Pass refinery ceased operations in 2002. The project involves significant capital expenditure, environmental permitting, workforce training, and supply chain integration to address critical infrastructure gaps in rare earth processing.