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Korea Zinc US Critical Minerals Plant in Tennessee

Sector: Manufacturing (Industrial) • Location: Tennessee, United States

Source: Construction Review

Project
Financing And Development Stage

Korea Zinc is developing a critical minerals processing plant in Tennessee by repurposing the existing Nyrstar plant. The project aims to enhance US domestic supply of critical minerals such as rare earth elements, lithium, and cobalt. The project is a joint venture called Crucible Metals LLC involving Korea Zinc, the US government, and other investors, with a total project value of $7.4 billion.

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The project “Korea Zinc US Critical Minerals Plant in Tennessee” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Tennessee, United States. Taiyo aggregates data on it from Construction Review.

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financing and development stage

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Description

Description

Korea Zinc is developing a critical minerals processing plant in Tennessee by repurposing the existing Nyrstar plant. The project aims to enhance US domestic supply of critical minerals such as rare earth elements, lithium, and cobalt. The project is a joint venture called Crucible Metals LLC involving Korea Zinc, the US government, and other investors, with a total project value of $7.4 billion. Korea Zinc is seeking a $2.35 billion loan to fund construction, with JPMorgan Chase & Co. as the lead arranger and underwriter.

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