Recent market volatility has emphasised the urgent need to develop secure, sustainable supply chains outside of the tightly controlled Chinese rare earth element (REE) market.
Increased export restrictions by China on a range of medium and heavy REEs this month highlights the vulnerability of the broader market whilst signalling the significant opportunity it represents for ASM’s ‘shovel ready’ Dubbo Project and its flagship Korean Metals Plant (KMP).
With the opportunity to be in production at the Dubbo Project by 2028, in addition to existing commercial production at the KMP, ASM is uniquely positioned to be part of the global solution.
WATCH: Rowena Smith discusses recent market events.
“With our Korean Metals Plant – one of the few facilities outside China already producing rare earth metals and alloys – and the long-life Dubbo Project, ASM is well-positioned to support Australia and its global partners in securing a stable supply of these critical materials for the future.”
Rowena Smith, ASM Managing Director & CEO
Right: NdFeB alloy produced at the Korean Metals Plant.
Above: ASM’s Mine to Metals strategy can deliver a secure alternative REE supply chain.
