Takeover Target Korea Zinc Warns of ‘Very Bad’ Outlook for 2025
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Korea Zinc Co., the world’s largest smelter of the metal, warned of a tough outlook as processing fees languish, costs rise, and a drawn-out battle for control of the company challenges both management and staff.
The business outlook for 2025 looks “very bad,” Korea Zinc said in a statement. Increased competition for ore from Chinese smelters has significantly reduced the treatment charges that miners pay smelters for processing, it said on Sunday, while also flagging the challenge of higher electricity costs.