Altech Chemicals Limited (ASX:ATC)
Altech Chemicals Limited (ASX:ATC) is aiming to become one of the world's leading suppliers of high purity alumina (HPA) through the construction and operation of an HPA processing plant in Malaysia. Feedstock for the plant will be sourced from the Companys 100%-owned kaolin deposit in Western Australia.
HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components.
Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the batterys separator, which improves performance, longevity and safety of the battery. Global HPA demand is expected to grow strongly to serve the surging electric vehicle market.