📰Korea Zinc plans to increase its copper production by about five times by 2028 through resource recycling in the U.S. market.
In an interview with Bloomberg on the 13th (local time), Yun B. Choi, Executive Chairman & CEO of Korea Zinc, said that we aim to boost copper output to 150,000 tons by 2028. He emphasized his determination to become a leading player in the global transition to renewable energy through new businesses such as resource recycling.
Korea Zinc plans to significantly expand its output via the 'urban mining industry,' which involves extracting and selling metals from industrial waste and discarded home appliances. He highlighted, 'Urban mining not only offers higher profitability with 100% recyclability of copper but also presents a more sustainable approach to copper production.
In particular, "In terms of urban mining, the best mines are with the best cities and the most advanced cities," and emphasized, "That is why the United States is a good place for urban mining business.”
Meanwhile, Korea Zinc operates several businesses in the United States that recycle waste such as electronics, automobile parts, solar panels, and batteries while extracting copper, silver, nickel, cobalt, and lithium. In April of 2024, it also acquired a scrap metal trading company.
