ASM (ASX:ASM) share price in flux after deal with South Korean Government

The Australian Strategic Materials Ltd (ASX: ASM) share price is trending downwards today.

Despite an early rise of 1.3% in morning trade, the share price has slipped and is now 0.5% down on yesterday’s close. At the time of writing, shares in the metal company are selling at $5.30. In comparison, the S&P/ASX All Ordinaries Index is up 0.3%.

Let’s take a closer look at the company’s most recent announcement and how it could be affecting the ASM share price.

What did ASM announce today?

In a statement released to the ASX, ASM announced it had signed a memorandum of understanding (MoU) with the South Korean, Chungbuk provincial…