World
Korea Zinc Solidifies Critical Role in U.S.-Korea Economic Security Amid Chinese Export Controls as the World's No.1 Indium Producer
Korea Zinc (KRX:010130) is solidifying its unique position as a key player in the global critical minerals supply chain, particularly in response to China's recent expansion of export controls. As the only domestic producer of three of the five restricted minerals, Korea Zinc plays a crucial role in ensuring stable supply in South Korea. Additionally, the company is also the world's largest producer of refined indium, taking up 29% of the supply to the U.S., further strengthening its position as
About this update from Korea Zinc Co., Ltd.
[{"type":"text","content":"SEOUL, South Korea, Feb. 14, 2025 /PRNewswire/ -- Korea Zinc (KRX:010130) is solidifying its unique position as a key player in the global critical minerals supply chain, particularly in response to China's recent expansion of export controls. As the only domestic producer of three of the five restricted minerals, Korea Zinc plays a crucial role in ensuring stable supply in South Korea. Additionally, the company is also the world's largest producer of refined indium, taking up 29% of the supply to the U.S., further strengthening its position as a cornerstone of efforts to diversify supply chains.","length":616,"tagName":"p"},{"type":"image","alt":"Korea Zinc Logo (PRNewsfoto/Korea Zinc)","displaySize":"","headline":null,"caption":"Korea Zinc Logo (PRNewsfoto/Korea Zinc)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":145,"url":"https://media.zenfs.com/en/prnewswire.com/36dca5108ebe3c1b47778885d4ee85b5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/D1Oi7E1aCIdPLk4GXAK1mg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/36dca5108ebe3c1b47778885d4ee85b5","width":400,"height":145}},"href":"https://mma.prnewswire.com/media/2479692/01_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"On February 4, China's Ministry of Commerce and General Administration of Customs imposed export controls on five critical materials—tungsten, tellurium, bismuth, molybdenum, and indium—triggering global concerns. This move significantly expanded China's previous export restrictions on antimony, a key material for weapons and defense industries, which were implemented in September 2024 to protect their national security and interests. ","length":446,"tagName":"p"},{"type":"text","content":"In response, the South Korean government has launched an urgent assessment of how these restrictions will affect domestic industries. According to the Ministry of Trade, Industry, and Energy (MOTIE), China accounted for 85% of South Korea's tungsten imports and over 90% of its molybdenum imports in 2024, highlighting the urgent need to secure alternative suppliers.","length":371,"tagName":"p"},{"type":"text","content":"Despite this, the impact of China's export controls on indium, bismuth, and tellurium is expected to be limi...