WATCH: Korea Zinc, the world’s largest zinc smelter is betting on electric-car batteries in a move to decarbonize its fossil fuel-driven metals refining. The world’s largest zinc smelter is betting on electric car batteries and clean energy to help decarbonize its fossil fuel-driven metals refining business and hopes US President Joe Biden’s landmark climate bill will create opportunities rather than obstacles. Korea Zinc Co. , a Seoul-based company that processes many of the Earth’s major metals, is seeking to diversify into electric vehicle batteries and renewable energy sources, in addition to holding onto its almost half-a-century-old zinc refining roots, with the ambition of turning net zero by 2050. One of those moves that’s been drawing market watchers’ attention is a joint venture between Korea Zinc’s affiliate Kemco Co. and battery giant LG Chem Ltd. that makes investments in the production of precursor, a key element for EV cells. “Kemco itself will need to make significant investment in the near future in order to secure its position in the battery industry,” Korea Zinc Chairman Yun Choi said in an interview with Bloomberg News at the company’s office in Seoul on Thursday. It’s a “possibility that Korea Zinc will increase its […]
World’s Largest Zinc Smelter Sees Opportunity in US Energy Bill
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