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S Korea firm plans solar plant for Aussie smelter

Sun Metals' move comes as Australia grapples with electricity failures and price surges

Electricity futures on the price of Queensland base load power have averaged almost US$180 per MWh this year, compared with an average of US$63.45 in 2016.


FED up with unpredictable and often exorbitant electricity prices, Sun Metals CEO Yun Birm Choi plans to invest A$183 million (S$199 million) to build a massive solar farm to power his zinc refinery in the Australian outback.

The decision by Sun Metals, owned by Korea Zinc...

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