Australian Strategic Materials (ASM) has successfully produced 9 kg of the key permanent magnet alloy neodymium praeseodymium (NdPr) using its patented high purity metallisation process at its commercial pilot plant in South Korea.
Following this accomplishment, the company is progressing an agreement with the Korea Institute of Industrial Technology (KITECH) through its joint venture partner Ziron Tech to produce a 600-kg sample of permanent magnets for the Korean industry over the coming months.
“Over the past few weeks whilst I have been in South Korea, we have had some important discussions with Korean companies and [the] government around ASM’s metallisation technology and the Dubbo project,” said David Woodall, ASM managing director. “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.”
Woodall continued, “Korea imports rare earths magnets and has a strong desire to ensure security of supply of these critical materials to their domestic manufacturing sector. This sample production run is set to provide a framework for increased domestic production to help support their local industry. To progress this, ASM will produce the 200 kg of NdPr required for the production of the 600-kg sample permanent magnets.”