ASM Signs Business Agreement for Rare Earths Supply Chain
AustCham Korea would like to congratulate our Silver Sponsor Australian Strategic Materials (ASM) on their non-binding business agreement with the Chungcheongbuk Province in Korea and the Vietnam Rare Earth Company (VTRE) to cooperate to build a global rare earths supply chain.
ASM CEO Rowena Smith welcomed the Agreement signing, saying, “We are delighted for this opportunity to work together to secure the supply of rare earth oxides before our Dubbo Project comes online. This will support long-term sales agreements and production ramp-up at our Korean Metals Plant.”
“We also greatly value this continued show of support for ASM by the Chungcheongbuk Provincial Government in Korea and look forward to growing our relationship with VTRE in Vietnam.”
Details of the agreement are available here.
