New equity research from MST Access outlines why ASM is a strategic investment opportunity, uniquely placed to deliver rare earths supply solutions outside of China.
With our established Korean Metals Plant, US expansion plans, and a refreshed Dubbo Project development pathway, Metals & Mining Analyst Chris Drew values ASM at A$2.09 per share, citing scalable production, government support, and growing market urgency.
Investment thesis
The West needs solutions that ASM can deliver: ASM is particularly well placed to take advantage of strengthening rare earths markets, a forecast deficit in alloy production, and western support to diversify the rare earths supply chain away from China. Expansion of its metallisation facility in Korea and plant duplication in the US, leverages off its established capabilities at a time when the west is seeking such solutions. With its downstream capabilities sitting alongside the Dubbo Project, ASM is positioned to become an important integrated supplier of rare earths metals and alloys.
