From Bloomberg, December 14:
Korea Zinc Co. Ltd. surged more than 26% on Monday after local media reported that the world’s largest zinc smelter is preparing to approve a 10 trillion won ($6.8 billion)investment in America with financial backing from the US government.
The US plant will be built with funding of more than 1 trillion won from the US government and companies, JoongAng Ilbo newspaper reported, without citing anyone. The report added that Korea Zinc will hold a board meeting on Monday to decide on the plan.
The planned US push and the stock rally will also revive investor focus on the company’s turbulent ownership saga. The battle for control started last year after Korea Zinc’s biggest shareholder Young Poong Corp. and MBK Partners Ltd. launched an unsolicited takeover bid for the company.
Korea Zinc is is seen as a strategic player in efforts by the US and allies to secure supply chains for critical minerals used in batteries and advanced manufacturing....
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Capitalism with American characteristics doesn't flow as smoothly as Chairman Deng's "Socialism with Chinese characteristics". If interested here's a short explanation and a bow to the man who lifted 800 million of his fellow Chinese out of abject poverty, September 2025:
