LS Eco Energy makes push for world's 1st mass production of samarium
LS Eco Energy, a subsidiary of LS Cable & System, said Tuesday it will begin trial production of samarium metal in December, with the goal of becoming the world's first company to mass-produce the key material for permanent magnets using non-Chinese raw materials. The move is part of the company's efforts to establish a supply chain independent of China ahead of new U.S. restrictions on rare…
LS Eco Energy, a division of LS Cable & System, announced Tuesday plans to commence test production of samarium metal in December, aiming to become the world's first firm to mass-produce this essential material for permanent magnets using non-Chinese raw resources. This initiative forms part of the company's strategy to construct a supply chain free from China, in anticipation of forthcoming U.S. restrictions on rare earth materials employed in defense uses.
According to LS Eco Energy, the corporation is investing 11.6 billion won ($8 million) to construct a samarium metal production plant at its affiliate LSCV in Ho Chi Minh City, Vietnam. The company anticipates initiating trial production in December, followed by full-scale mass production. The plant's projected annual output of 240 tons of samarium metal would be adequate to manufacture roughly 700 to 1,000 tons of samarium-cobalt (SmCo) permanent magnets.
Samarium is a crucial component for SmCo permanent magnets, which retain their magnetic strength at elevated temperatures. SmCo magnets are utilized in aerospace and defense applications, encompassing fighter jets and missiles.
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- LS Eco Energy makes push for world's 1st mass production of samarium koreatimes.co.kr
