Australian Strategic Materials Ltd (ASX:ASM) MD Rowena Smith speaks with Proactive soon after signing a five-year binding sales and tolling framework agreement with USA Rare Earth. The agreement was made through ASM's wholly owned subsidiary, ASM Korea Co., Ltd, and is set to strengthen ASM's strategic supply relationships with the US magnet production industry. Under the agreement, ASM's Korean Metals Plant (KMP) will supply neodymium iron boron (NdFeB) alloy to support USARE's production ramp-up of high-performance rare earth magnets.
Australian Strategic Materials welcomes long-term sales deal with USA Rare Earth
