ASM’s Korean Metals Plant is located in the Ochang Foreign Investment Zone, in Ochang Province, approximately 115 kms south of Seoul, Korea.
The Korean Metals Plant was officially opened in May 2022, following completion of construction and installation activities.
The plant is now in Phase 1 commissioning.
The initial focus of the Korean Metals Plant is on neodymium and neodymium iron boron alloys.
These are used in the permanent magnets in electric vehicles and wind turbines.
Other product lines which may be produced at a later date include:
- High purity titanium