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- Australian Strategic Materials’ (ASM) joint venture partner has produced high purity titanium metal powder
- All up, 9.16 kilograms of titanium metal powder was produced with a grade of 99.83 per cent
- This was produced through the ASM’s new electro-refining process at the pilot plant in South Korea
- The company will now focus on the production of zirconium, dysprosium, and praseodymium metals this month
- ASM is up a steady 10.3 per cent and shares are currently trading for $1.02 each
Australian Strategic Materials’ (ASM) joint venture partner has produced high purity titanium metal powder.
All up, 9.16 kilograms of titanium metal powder was produced with a grade of 99.83 per cent through the company’s new electro-refining process at the pilot plant in South Korea.
This work was the final stage of the patented metal process, which confirms 50 per cent less energy is used than standard processes.
ASM will now focus on the production of zirconium, dysprosium, and praseodymium metals this month.
“ASM’s exclusive global licence to commercialise this clean metal-refining technology, replacing conventional energy-intensive and polluting metallisation processes with a more sustainable and cost-effective alternative is progressing extremely well and reinforces our ‘mine to metal’ strategy,” Managing Director David Woodall commented.
“In addition to the valuable metal titanium, we have already proven production of a key permanent magnet metal — neodymium — with praseodymium and dysprosium production targeted for August, all essential for advanced technologies and manufacturing,” he said.
“This significant result provides a strong base for ASM to progress opportunities with various Korean government and business groups,” David added.
ASM is up a steady 10.3 per cent and shares are trading for $1.02 each at 1:10 pm AEST.
