Nyrstar has reached an agreement to sell its U.S. operations to Korea Zinc, aiming to enhance the zinc supply chain and production capabilities in Tennessee.

Target Information

Nyrstar is a renowned international producer of industrial and critical minerals and metals, vital for facilitating a low-carbon future. The company has a prominent market position in both zinc and lead and operates mining, smelting, and refining facilities across Europe, the United States, and Australia. Nyrstar employs around 4,000 people and is headquartered in Budel-Dorplein, Netherlands.

The recent transaction involves Nyrstar's East Tennessee and Mid Tennessee mining complexes along with the Clarksville smelter currently under its management. The Clarksville smelter, recognized as the only primary zinc smelter in the United States, has been operational for nearly fifty years. This acquisition by Korea Zinc is intended to enhance the site into a modern, fully integrated, large-scale smelting facility.

Industry Overview

The U.S. zinc industry is critical for various applications, including the manufacturing of batteries, alloys, and corrosion protection. Currently, the U.S. has a distinct reliance on zinc imports, highlighting the