News and Announcements
Altech has Robust Outlook for Global HPA as Demand is Confirmed
- Published November 23, 2016 11:11AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
23rd November 2016, ASX Announcement
Highlights
- Global HPA demand increased by 19.5% in 2015
- Annual HPA demand forecast of 86,831tpa by 2024 (est. 2016: 25,315tpa)
- Altech’s strategy of focusing on 4N HPA endorsed
- HPA use in lithium-ion batteries offers incremental demand
- Current reported HPA price in Japan is ~US$30,000/t
- Threat of substitutes for HPA remains low
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to provide an update on the outlook for global high purity alumina (HPA) demand from a report entitled “High Purity Alumina Market – Global Industry Analysis and Forecast, 2016 – 2024” by Persistence Market Research (“Persistence”), commissioned as part of the current project debt funding due diligence program.
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