Korean Proxy Fight Threatens to Derail Trump’s Big Zinc Bet

The Trump administration’s investment in a US zinc development has thrust it into the middle of a South Korean proxy fight, an example of how the government’s push for equity stakes in critical industries is facing free-market blowback.The administration announced earlier this week it struck a joint venture with Korea Zinc to back construction of a $7.4 billion smelter project in Tennessee that would bolster US production of key critical minerals. But the reaction has been mixed, with shares fluctuating as ...