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Old 10-20-2021, 07:43 AM
Sparty Sparty is offline
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Default ASM provides diversity in critical metals supply chain

Strategic partnership with ASM creates stable, direct supply chain for rare earth metals

By Anna J. Park

"ASM's unique "mine to metal" strategy allows "direct" supply through its vertically-integrated production process of critical metals. ASM will be the first company outside China that undertakes all steps to produce critical metals end-to-end: from the mine, through multiple processing and refining stages, metallization, alloy and metal powder production."

Australian Strategic Materials (ASM) is a critical metal producer, with a strong strategic partnership with Korea. The relationship between ASM and Korea is based on a shared history of collaboration and innovation. It is a partnership that enables the metals ASM produces to be directly used in Korean industry to manufacture a wide range of advanced consumer and industrial products such as electric vehicles which are essential for the future of the worldwide energy transition currently underway.

The business relationship between ASM and Korea commenced with a joint venture technology development agreement with an innovative Korean metal processing company called Ziron Tech. ASM acquired Ziron Tech in November 2020. In April 2020, Ziron Tech received a government grant to build a pilot metal plant in Korea.

Following the success of the pilot plant, ASM now has a commercial plant under construction in Ochang with support from North Chungcheong Province. In July this year, the company further deepened that strategic relationship by signing a financing deal with a consortium of three Korean private equity firms to invest in ASM's polymetallic rare earth and critical mineral deposit called Dubbo Project. The success of the Dubbo Project will significantly de-risk Korea's rare earth supply chain in the coming years and ensure that the Asian country will continue to make products needed for both today and the future.

The Korea Times sat down with David Woodall, managing director of ASM, in Seoul. Woodall shared the company's vision and goals as well as the special business relationship the company has with Korea. It was interesting to hear Woodall speak about the history of the company starting with the Dubbo deposit, discovered in Australia decades ago, to a global supplier of critical metals essential for clean energy transition, electric vehicles and consumer electronics. Read full article
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Old 10-20-2021, 07:45 AM
Sparty Sparty is offline
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ASM's unique "mine to metal" strategy allows "direct" supply through its vertically-integrated production process of critical metals. ASM will be the first company outside China that undertakes all steps to produce critical metals end-to-end: from the mine, through multiple processing and refining stages, metallization, alloy and metal powder production.
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