Reuters reported that Nyrstar (OTC Pink:NYRSF) plans to invest A$350 million ($353.8 million) for the redevelopment of its Australian Port Pirie smelter.

As quoted in the market news:

The Belgium-based company said it could turn the smelter into a metals recovery facility to process and recycle a range of raw materials, including internal residues from its existing network of zinc smelters and complex lead concentrates.

Click here to read the full Reuters report.