AKBC member ASM produces high purity rare earths at its pilot plant in Korea

AKBC member Australian Strategic Materials (ASM) has produced 9kg of neodymium and praseodymium (NdPr) alloy with 99.65% purity at its pilot plant in Korea.

Through its Korean joint venture partner, Ziron Tech, ASM is currently progressing an agreement with the Korea Institute of Industrial Technology (KITECH) to produce a 600kg sample of permanent magnets for the Korean industry. The sample will required 200kg of NdPr metal.

David Woodall, Managing Director of ASM, remarked that “working with KITECH, a respected and leading innovation group in Korea to produce samples of permanent magnets is an important step in ASM’s commercialisation strategy.”

ASM is an ASX listed company within the Metal & Mining sector and a member of the Korean Rare Earth Institute.

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Australia Korea Business Council
PO Box 24430
Melbourne, Vic 3001 Australia
Liz Griffin – Executive Director

The Australia-Korea Business Council is the leading national body committed to strengthening the Australia-Korea economic relationship.