South Korea's highest court rejects appeal from zinc smelter against shutdown
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
0mins
Source: Reuters
Court Ruling on Seokpo Zinc Smelter: South Korea's Supreme Court has upheld a 2021 order to suspend operations at the Seokpo zinc smelter due to violations of environmental regulations, impacting its operator Young Poong Corp amidst rising zinc prices.
Industry Challenges and Supply Issues: The global zinc market faces supply strain from various disruptions, leading to increased costs for raw materials and an uncertain outlook for refined zinc, with predictions of a moderate surplus in the coming year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
