Korea Zinc Shares Drop Amid Shareholder Opposition to U.S. Project

Shares of Korea Zinc Corp fell sharply by 14% after reports revealed that its largest shareholders are opposing the company's $7.4 billion joint venture project in the U.S., fearing a reduction of their stake.

Shares of the world's largest zinc smelting company rose more than 26% on Monday before trimming gains to 5% after announcing a $7.4 billion metals smelting project in Tennessee. The stock ended Tuesday down 14%. Shares of Korea Zinc Corp fell sharply on Tuesday after reports that its largest shareholders oppose plans to form a U.S.-backed joint venture, which would reduce their stake in the South Korean company.

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2026-01-28T02:23:14+00:00

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