Australian Strategic Materials Ltd (ASX:ASM) (Australian Strategic Materials Ltd (ASX:ASM)) CEO Rowena Smith tells Proactive the company has secured an additional supply of rare earth oxides from Vietnam as the company readies to ramp up production at its high purity critical metals plant in South Korea. ASM has signed a binding agreement with Vietnam Rare Earth Company (VTRE) for 100 tonnes of feedstock this year, with both parties agreeing to further negotiate for a longer term supply agreement.
Australian Strategic Materials secures feedstock for metals plant ramp-up