ASM expands to 12 furnaces at Korean metals plant

By Emily Coles

Monday, 3 August 2026

NewsProjects & Operations

Australian Strategic Materials (ASX: ASM) has completed the installation of eight additional furnaces at its Korean metals plant (KMP), supporting the facility's planned potential increase to a nameplate production capacity of 3,600tpa of neodymium-iron-boron alloy.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

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NewsProjects & Operations

MCA Victoria calls for policy reset

MCA Victoria has released a policy agenda aimed at boosting regional growth through new mining projects, jobs, revenue flows and sustained economic development.

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NewsProjects & Operations

Lynas, JS Link sign Malaysian magnet factory deal

Lynas Rare Earths (ASX: LYC) will invest $50m to support development of a rare earth permanent magnet factory in Malaysia under a partnership with JS Link.

Liontown banks $137m alongside record development

Economics & Commodity PricesNews

Liontown banks $137m alongside record development

Liontown (ASX: LTR) is one step closer to achieving its ore mining run-rate target after achieving a record 3316m of underground development during Q4.

As part of the extension of government support, Nyrstar will participate in a Joint Review in the coming months which will provide governments with a clear, shared framework to determine the long-term pathway for these sites.

NewsProjects & Operations

Governments invest extra $105m into Nyrstar smelters

The Federal, Tasmanian and South Australian Governments will provide a further $105m to support Nyrstar’s Port Pirie and Hobart smelters while the company progresses a key feasibility study.