ASM continues to build on our relationship with the Vietnam Rare Earth Company (VTRE), after signing a non-binding business agreement with the company in December 2022. The agreement, which also included Korea’s Chungcheongbuk Province, was for all parties to co-operate to build a global rare earths supply chain.
In March 2023, representatives from ASM visited VTRE in Vietnam to undertake further on site and product due diligence. As part of this visit, we were delighted to have the Australian Ambassador to Vietnam Andrew Goledzinowski, and the Chair of the local people’s party join us.
Following our visit to Vietnam, VTRE’s Chief Executive Officer and other representatives joined us at our Korean Metals Plants for a site visit and ongoing discussion for the supply of KMP feedstock.