Australian Strategic Materials (ASM) has officially opened its first high-purity critical metals plant in Ochang, South Korea. The move is said to consolidate 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 metallisation process. The initial focus will be on neodymium iron boron (NdFeB) and widely used titanium alloys.
The Korean Metals Plant is Australian Strategic Materials’ flagship metals plant and is operated by Korean Strategic Materials and Metals (KSMM). The plant is an integral part of ASM’s vertically integrated mine to metals business model. Future metals plants are planned in other strategic geographic locations. They will be supported by raw materials mined and processed at ASM’s Dubbo Project.