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Australian Strategic Materials Ltd (ASM.AX)

ASX - ASX Delayed price. Currency in AUD
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0.6950+0.0100 (+1.46%)
At close: 04:10PM AEST
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  • PR Newswire

    USA Rare Earth Signs Supply Agreement with Australian Strategic Materials

    USA Rare Earth, LLC (USARE), a vertically integrated magnet technology company, announced today that it signed a multi-year supply agreement with Australian Strategic Materials Ltd. (ASX: ASM) (ASM), a producer of critical metals for advanced and clean technologies. This agreement secures rare earth metals that will be used as USARE ramps up production of high-performance rare earth magnets. Rare earth magnets are required for technologies ranging from cell phones and medical devices to EVs and