US-Korea Zinc Partnership to Boost Mineral Processing in North Queensland
A partnership between the US government and Korea Zinc aims to establish a major mineral processing facility in North Queensland, producing 11 critical minerals and sulphuric acid. This investment is positioned to enhance Australia's capabilities in critical mineral processing and secure supply chains.
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The United States government and Korea Zinc are collaborating to develop a significant mineral processing facility in North Queensland. This facility will produce 11 critical minerals and sulphuric acid, essential for Queensland's phosphate production.
Announcements regarding this initiative are expected at the Townsville Enterprise 2026 Mining and Manufacturing Forum. The partnership is viewed as crucial for enhancing Australia’s strategic mineral supply chains, highlighting cooperation among Australia, South Korea, and the US.
The planned facility aligns with Korea Zinc's existing operations in Onsan and Tennessee. This investment is seen as a potential catalyst for revitalizing North Queensland's industrial sector and bolstering Australia’s industrial capabilities.
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