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Korean Metals Plant, South Korea

5th March 2021

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Korean Metals Plant.

Location
South Korea.

Project Owner/s
Australian Strategic Metals (ASM).

Project Description
A scoping study on a proposed 5 200 t/y metals plant has shown strong economics.

The plant will initially produce high-purity neodymium iron boron powder and titanium powder using the low-energy metallisation process developed and patented by ASM.

There are also plans to expand the plant to more than 16 000 t/y by 2024.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure 
The project is estimated at between $35-million and $45-million.

Planned Start/End Date 
Construction of the plant is expected to be completed by mid-2022, with metal production to progressively increase and full capacity of 5 200 t/y expected to be reached by mid-2022.

Latest Developments
Expenditure of $ 1.5-million has been approved for detailed engineering.

A final investment decision on the plant is expected in mid-2021.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
ASM, tel +61 8 9200 1681 or email info@asm-au.com.

 

 

 

 

 

 

 

 

 

 

 

 

Edited by Creamer Media Reporter

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