Ann: ASM PRODUCES PERMANENT MAGNET METAL ALLOY, page-2

ASM PRODUCES PERMANENT MAGNET METAL ALLOY
Highlights:
• ASM has produced 200kg of ferro-neodymium (FeNd - Nd 80.3%, Fe 19.9%), a key
constituent of strip cast permanent magnet alloys.
• ASM is working with the Korea Institute for Rare Metals (KIRAM) to produce a strip
cast permanent magnet alloy which will be formed and sintered into permanent
magnets.
• Samples of permanent magnets will be distributed to Korean industry for evaluation.

This is what David Woodall said in the announcement.
ASM Managing Director, David Woodall said: “The successful production of the key FeNd
alloy, which is essential in the production of permanent magnets, is another significant
milestone in ASM’s “mine to manufacturing” strategy. We are looking forward to seeing the
progress of KITECH’s permanent magnet production run, as Korea continues to secure its
supply chain to provide stability, security, and sustainability for its vital new technology
manufacting sector. This is strongly aligned with ASM’s strategy.”

“With partners, Dongkuk R&S, we are progressing the design and construction of our 250kg
per day continuous metal plant in Korea (as announced on 2 November 2020). We expect to
see the first phase of commercial operation within four months. This will represent the start
of ASM’s metal business, which should prove very exciting for our shareholders.”