Korea Grants ZironTech for R&D of Rare Earth, Zirconium and Titanium

For rare earth, zirconium, titanium's R&D technology, Korea's government has awarded US$4.5 million in grants to ASM's Korean R&D partner Zirconium Technology Corporation (ZironTech) for to use to progress its commitment to the Joint Venture with ASM.

The grants were awarded as part of the Korean Government's US$5 billion Industrial Technological Program, led by the Korean Ministry of Industry, Trade and Resources as it seeks to establish clean metal supply independence and advance material technology for future market demand. The funds will be used for ASM and ZironTech projects to develop a low-emission, high-purity metal refining technology that can be applied to zirconium, titanium, and rare earth permanent magnet alloys.

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This development is occurring in a joint venture with ASM who has exclusive rights to the commercialization of the technology worldwide. The technology is intended to replace conventional energy-intensive metallization processes with a more environmentally friendly, sustainable, and cost-effective alternative.

David Woodall, Managing Director of Australian Strategic Materials, said: "We are pleased that both ASM and the technology we are developing in partnership with ZironTech has been recognized by the Korean Government as critical in its journey to ensuring sovereign supply for critical materials. The technology to produce critical metals adds value to our project and is key to the growth of Korea's and Australia's new technology and manufacturing sectors, with the strong government focus on increasing domestic production to secure supply stability."

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Woodall said the joint venture between ASM and ZironTech is completing the commissioning of its commercial pilot plant facilities to produce these high-purity metals while developing designs for the world's first commercial-scale metal plant. "This will help meet the growing demand for new domestic and international sources of ASM's range of high purity and high value-added key metals, including zirconium, rare earth magnet metals." the executive said.

ASM's investment from Korea in downstream processing will improve the economics of its Dubbo Project as well as giving it involvement in the wider commercialization of breakthrough technology. The joint venture between ASM and ZironTech is finalizing the commissioning of its commercial pilot plant facility to produce these high-purity metals such as rare earth, zirconium, and titanium in parallel with developing the design for the world's first commercial-scale metal plant.

 

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