Korea Zinc acquires majority stake in US e-waste recycling firm for $332 million
2022-07-14 11:56:31 [Print]
Korea Zinc, the world's largest lead and zinc smelter, agreed on Monday to buy a 73% stake in Igneo Holdings LLC, a U.S.-based electronic waste recycling company, for $332 million, a move to expand its footprint in the battery materials market.
Igneo collects electronic waste in the U.S. and extracts copper, gold, silver and palladium during the smelting process.
Korea Zinc expects that Igneo's e-waste supply chain will ensure a steady supply of copper foil materials and smooth its entry into the rechargeable battery recycling market.
Igneo collects electronic waste in the U.S. and extracts copper, gold, silver and palladium during the smelting process.
Korea Zinc expects that Igneo's e-waste supply chain will ensure a steady supply of copper foil materials and smooth its entry into the rechargeable battery recycling market.
Zinc Ingot 99.995%min In warehouse Tianjin
Unit:RMB/mt
China die-casting zinc alloy producers' sales to production ratio statistics by province by month
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