Seongan Passes Rare Earth Metal Quality Test...Foundation Established for Mass Production

Seongan, which is conducting a new rare earth business, has laid the foundation for full-scale mass production and sales by passing the quality test of rare earth metal prototypes.

On the 20th, Seongan announced that the composition test results of NdPr (Neodymium-Praseodymium) metal prototypes refined at its factory in Vietnam received a passing grade according to delivery standards.

Seongan is conducting composition tests of rare earth metal prototypes it produced in-house with four domestic and international metal analysis companies. Domestically, the tests were entrusted to Hancheong RF and the Production Technology Research Institute, while internationally, Thermo in the U.S. and Ningbo in China were commissioned for analysis.

As a result of inductively coupled plasma (ICP) analysis conducted in Ningbo, China, the neodymium mass ratio of the prototypes produced by Seongan was 75.98%, and praseodymium was 23.65%. The mass ratios of a total of 12 elements, including dysprosium (Dy) and terbium (Tb), all met the passing criteria.

Currently, since there is no international standard established for rare earths in the industry, the Chinese industrial standards, which lead the global rare earth industry, are mainly used. Given that the analysis results received a passing grade from the Chinese testing institution, it appears that quality competitiveness has been secured.

A company official stated, "Once the results from the testing institutions that are still conducting analyses are compiled, the credibility will increase further, and mass production and sales are expected to proceed rapidly. In addition, we plan to advance the business not only with rare earth metals but also with rare earth permanent magnets, which have higher added value."

Seongan is pushing to convert its Daegu factory, which previously operated in the textile business, into a rare earth permanent magnet manufacturing plant. Most of the textile-related equipment has already been relocated to Egypt, and orders for rare earth permanent magnet manufacturing equipment are being placed sequentially.

This content was produced with the assistance of AI translation services.