Australian Strategic Materials sources rare earth feedstock from Vietnam
Australian Strategic Materials signed a binding agreement with Vietnam Rare Earth Company for the purchase of rare earth oxides from Vietnam to be used as feedstock at ASM’s Korean Metals Plant .
Under the terms of the agreement, VTRE will deliver 100 tonne of product for the remainder of 2023. The pricing for the feedstock will be determined using a formula-based mechanism referencing published market prices for neodymium-praseodymium oxide. “This agreement will ensure we have the feedstock needed to continue the ramp-up of production at KMP, as anticipated sales contracts progress this year,” said ASM Managing Director & CEO Rowena Smith.
“In sourcing the required oxides from Vietnam and building our relationship with VTRE, we are also ensuring greater oversight of our supply chain, which supports our sustainability and governance commitments to both our customers and our shareholders.” Australian Strategic Materials describes itself as an emerging vertically integrated producer of critical metals for advanced and clean technologies. It operates the the Dubbo rare earth project, located in central western NSW, about 400km northwest of Sydney, Australia. By
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Council weighs ‘more strategic,’ shorter budget processRead the full story and comment on Tbnewswatch.com
Read more »
'A lot of frustration:' Popular online learning platform to be phased out in Peel public schoolsA popular online platform that many public school teachers use to communicate with parents and post learning materials for absent students could soon be scrapped in Peel Region.
Read more »
'MasterChef Australia' judge Jock Zonfrillo dies on eve of new series, age 46'MasterChef Australia' host Jock Zonfrillo has died suddenly age 46 on the eve of the cooking show's new series, according to a statement from Australian broadcaster Network 10.
Read more »
‘MasterChef Australia’ Host Jock Zonfrillo Dies At Age 46'MasterChef Australia' host Jock Zonfrillo has died at age 46. The award-winning chef's tragic death was revealed by Australian television network Network 10 on the same day the latest season of 'MasterChef' was due to air. Zonfrillo -- from Glasgow, Scotland -- was found dead at a house in Melbourne in the early hours of…
Read more »