Emerging “mine to metal” producer of critical metals Australian Strategic Materials (ASM) announced that commissioning has begun at its Korean Metals Plant in Ochang Province, South Korea.
The company has commenced hot commissioning on its neodymium furnace, which represents the first phase of commissioning activities, with additional modules of the plant undergoing construction and installation.
According to the company, these first phase commissioning activities are planned to continue through the first half of 2022, with the full scale, 5200 tpa plant due for completion in the second half of calendar year 2022.
Australian Strategic Materials Managing Director, David Woodall thanked the South Korean team for their tirelessly work to put the company in a position to start commissioning activities at pant, despite the logistical and supply constraints as a result of covid.
“Although, we have more work to do to complete the installation of the facility and commission the full plant, this is a great early sign that our plant is working as expected for this stage,” he added.
“Australian Strategic Materials is moving closer to producing commercial quantities of titanium and permanent magnet alloy, as part of our strategy to provide an alternative, secure supply chain for critical metals.”
The hot commissioning milestone was marked by a visit to the plant by Deputy Prime Minister of South Korea, Mr Hong Nam-ki.
“We were also extremely honoured to have Deputy Prime Minister Mr Hong Nam-ki visit us at this significant stage for the business,” Mr Woodall concluded.