[특징주] Dongguk R&S establishes ASM rare earth production facility in Chungbuk… Rising expectations for proprietary refining technology

Dongkuk R&S, which decided to produce special metals and oxides using proprietary refining technology, is on the rise in the news that Australia ASM will set up a rare earth production facility in North Chungcheong Province and supply rare earth and rare metals to domestic companies.

As of 1:47 pm on the 8th, Dongkuk R&S is trading at 3415 won, up 310 won (9.98%) from the previous day.

On this day, Chungcheongbuk-do announced that ASM (Australian Strategis Materials Ltd. CEO David Udol) will invest 60 million dollars in the area of ​​Ochang in Cheongju-si, Chungcheongbuk-do to build a rare earth production facility.

The ASM production facility, which will start construction in May this year, will invest 60 million dollars in the Ochang Foreign Investment Zone in Cheongju to establish a rare earth production facility of subsidiaries KSMT and KSM, and supply rare earth and rare metals to domestic companies.

ASM is operating a large-scale mine capable of mining rare earth minerals in Australia by securing eco-friendly oxide manufacturing technology with the Australian Atomic Energy Research Institute (ASTO).

In response to this news, it is interpreted that the stock market is rising as the stock market is rising as the buying trend is rushing to Dongkuk R&S, which is regarded as a rare earth and rare metal-related stocks along with Union, Union Materials, and T-Flex.

In November of last year, Dongkuk R&S signed a joint development agreement with ASM for a’low carbon and high purity metal refining plant’.

The plant will use ASM’s rare earths and other metals as feedstock to produce specialized metals and oxides for advanced technology.

The Dongkuk R&S facility uses ASM’s proprietary refining technology, and the completed blast furnace will be jointly owned by Dongkuk R&S and ASM.

An official from Dongguk R&S said, “We signed an agreement for joint development of a low-carbon and high-purity metal refining plant with ASM in November of last year.” “We are currently conducting R&D and a decision will be made within a year.”