ASM to build rare earth processing plant in South Korea

Australian Strategic Materials (ASM) signed a memorandum of understanding with Chungcheongbuk-do Provincial Government and Cheongju-si City Government to build its first rare earth processing plant in South Korea. The plant will initially produce high-purity neodymium-iron-boron powder and titanium powder.

“Australian rare earth producer ASM has strengthened its supply chain by closing a deal with two regional governments in South Korea where it will build its first processing plant for the critical mineral.”scmp.com

• 1 source
• scmp.comAustralian rare earth firm ASM signs South Korea deal as West tries to counter China’s dominance in critical minerals | South China Morning PostSu-Lin TanMar 10, 2021

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