ZincOx Resources has launched a plant in South Korea to extract zinc from the waste produced by the country’s steel mills, using a technology it forecasts will shake up the global zinc industry.
Andrew Woollett, executive chairman, said Aim-quoted ZincOx was shifting its business away from mining to recycling with its $110m plant near Pohang, the eastern city at the heart of the Korean steel industry. He plans to use the plant as a showcase to export the company’s recycling model to steelmakers in Thailand, Turkey, the US and China.
