ASX-listed Australian Strategic Materials (ASM) has partnered with US rare earth magnet manufacturer Noveon Magnetics Inc, signing a sales agreement for neodymium iron boron (NdFeB) alloy from the Korean Metals Plant (KMP). The agreement provides for the sale of 100 t of NdFeB alloy from the KMP, to be delivered to Noveon in accordance with an agreed schedule during the period up to the end of March 2024, at a fixed price per tonne.