ASM’s First High Purity Critical Metals Plant Officially Opens in South Korea

ASM’s First High Purity Critical Metals Plant Officially Opens in South Korea

Congratulations to AustCham Korea Silver Sponsor Australian Strategic Materials (ASM) for the official opening of their first high purity critical metals plant in Ochang, South Korea.

This consolidates the strong partnership ASM has with Korea and offers an alternative source of critical metals needed to meet forecast global demand.

The Korean Metals Plant (KMP) will produce critical metals and alloys to customer specifications, using ASM’s patented, energy efficient metallisation process. The initial focus will be on neodymium iron boron (NdFeB) and titanium alloy. Neodymium iron boron is a key component of permanent magnets used in electric vehicles and wind turbines, while titanium alloys have uses across multiple high tech industries.

ASM’s Korean Metals Plant was officially opened with a celebration and ceremony attended by key representatives from the Australian and Korean government and business community, including AustCham Korea’s Chairman Ross Gregory. ASM was honoured to have in attendance Her Excellency Ms Catherine Raper, Mr Si-jong Lee Governor of Chungcheongbuk Province, and Mr Se-dong Oh Vice Mayor of Cheongju.

Read more here: https://lnkd.in/g_iMWCmS