$69 non-ATF Mobile

Summary

  • Australian Strategic Materials (ASX:ASM) has confirmed the commercial scalability of its unique metallisation process, with titanium copper alloy production of 120 kilograms at 99.5 per cent purity.
  • The rate of production has improved tremendously to 1,000 kilograms a day as compared to the agreed rate of 250 kilograms a day between ASM and DK R&S.
  • The company is planning to develop a full-scale metal processing plant in Korea.
Gold MTF non-AMP

Australian Strategic Materials (ASX:ASM) has produced 120 kilograms of titanium copper alloy with 99.5% purity at its facility in South Korea, confirming the commercial scalability of its innovative metallisation process. The company believes that this successful demonstration of the commercial scalability is due to the improved and unique metallisation process.

The Ziron Tech team led by ASM produced two 60-kilogram runs of the titanium copper alloy with a daily rate of around 1,000 kilograms.

This production rate is far higher than the mutually agreed rate of production of 250 kilograms per day by ASM and Dongkuk Refractories and Steel Co Ltd (DK R&S) as a part of their agreement announced on 2 November 2020.

The key to this compelling show of the commercial scalability has been attributed to proprietary advancements to the unique metallisation process, in which the efficiency of metal recovery dramatically increased and doubled the yield. This also affirms ASM’s ability to produce any type of titanium alloy traded in the global metal market.

Interesting Read: Why are these 3 ASX-Listed Share Price Under the Lens - Sezzle, Splitit & ASM?

The company is in discussion with DK R&S on accelerating the development of a full-scale metal processing plant in Korea.

On 20 November 2020, ASM stock traded at A$ 4.080, gaining 5.154% from the previous day. The company has a market cap of A$ 461.91 million.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK