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Native name | 고려아연주식회사 |
|---|---|
| Company type | Public |
| KRX:010130 | |
| Industry | Metallurgy |
| Founded | 1974; 52 years ago (1974) |
| Headquarters | , South Korea |
| Revenue |  ₩11.2194 trillion[1] (2022) |
 ₩919.2 billion[1] (2022) | |
| ₩798.3 billion[1] (2022) | |
| Total assets | ₩12.0979 trillion[1] (2022) |
| Total equity | ₩9.2317 trillion[1] (2022) |
| Owner |
|
| Parent | Young Poong Group |
| Website | www.koreazinc.co.kr |
| Korea Zinc | |
| Hangul | 고려아연 |
|---|---|
| Hanja | 高麗亞鉛 |
| Revised Romanization | Goryeo Ayeon |
| McCune–Reischauer | Koryŏ Ayŏn |
Korea Zinc Company, Ltd. (Korean: 고려아연 주식회사;Hanja: 高麗亞鉛 株式會社;RR: Goryeo Ayeon Jusik Hoesa) is anon-ferrous metalsmelter headquartered inSeoul, South Korea. It is one of the leading refined zinc-producing companies alongsideNyrstar,Hindustan Zinc, andBoliden.[2] Korea Zinc produces 18 types of valuable metals and chemical products by processing variousraw materials fromzinc and lead concentrates to low-gradeore and scrap metal.[3]
Korea Zinc was founded by Choi Ki-ho and Chang Byung-hee in 1974. Since its establishment, Korea Zinc has been co-managed by the Choi and Chang families.[4]
Korea Zinc has an annual production capacity of 650,000 tons ofzinc and 420,000 tons oflead. In addition, whilesmelting the zinc andlead, Korea Zinc producesgold,silver, andsulfuric acid as byproducts.[5] Korea Zinc's production base is the Onsan refinery located inUlsan, South Korea.[6] The company also manufactures and sells zinc ore through its Australian subsidiary, Sun Metals Corporation.[7]
For 2023, Korea Zinc is constructing a 500 billion won ($370 million) nickel refinery inUlsan,South Korea. Production will begin in 2026, increasing the company'snickel production capacity from 22,000 to 65,000 tonnes per year. This will make Korea Zinc the largest non-Chinese producer ofnickel sulphate, a key element for makingcathodes inEV batteries. To this end, the company has also established a joint venture forprecursor production with South Korea'sLG Chem and launched negotiations withSingapore's Trafigura for co-operation in nickel refining.[8]
Trafigura, one of the leaders in the raw materials industry, has entered into an agreement with Korea Zinc to invest 185 billion won (US$140 million) in a nickel processing plant. Trafigura will take a 12.9 per cent stake in Korea Zinc's KEMCO. Also included in the agreement is a long-term raw material supply arrangement. Trafigura will supply between 20,000 and approximately 40,000 tonnes per year and will receive the right to purchase raw materials under the contract.[9]
