# 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.

- Type: New facility
- Announced: 2021-03-10
- Where: Chungcheongbuk-do, Cheongju, South Korea
- Status: announced
- Products: neodymium-iron-boron powder, titanium powder
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Australian Strategic Materials](https://endata.com/companies/49700.md)

## Sources

- [scmp.com](https://www.scmp.com/economy/global-economy/article/3124883/australian-rare-earth-firm-asm-signs-south-korea-deal-west), 2021-03-10: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.