AustCham Korea’s Silver Sponsor, Australian Strategic Materials (ASM), has signed a Joint Statement of Cooperation with the Korean Mine Rehabilitation and Resource Corporation (KOMIR), to enable the supply of critical minerals and metals into Korea.

ASM and KOMIR will work together, under the Joint Statement of Cooperation, to expand the use of rare earths and critical metals in Korea to develop import opportunities that will secure the supply of these metals for the Korean industry.

ASM Managing Director, Mr David Woodall, said:

“This builds on the cooperative and collaborative relationship between Korea and ASM, creating further opportunities to engage on the strategic issue of critical minerals and metal supply.”

“This Joint Statement of Cooperation is another firm sign of Korea’s commitment to securing its supply of critical metals and to working with ASM to deliver an outcome that is beneficial to the Korean supply chain.”

“ASM welcomes this opportunity to work with KOMIR to provide an alternative, secure and sustainable supply of critical metals. ASM will commence production of critical metals at ASM’s Korean Metals Plant in 2022.” Mr Woodall said.

Read the full announcement here.

Follow the ASM website for updates: https://asm-au.com/

Image Source: ASM