Latest news on HPA demand.
http://media.abnnewswire.net/media/e...ATC_Report.pdf
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Latest news on HPA demand.
http://media.abnnewswire.net/media/e...ATC_Report.pdf
- HPA joins lithium, cobalt, nickel and copper as a recognised key input to lithium-ion batteries
Thanks Trev. Im not trading or Investing in ATC atp and have no explanation for that. Those 5 key battery ingredients give one a lot of shares to look at and will make a lot of dough if the right stocks are picked.ATC has gotta be in the mix, timing it is the thing. I read about EV's everywhere including commercial EV planes, its happening and thats great for we only have one green world.
Something going on? Huge overhang on the buyers side and price slowly creeping upwards. Finance announcement imminent?
The Mezzanine Debt Deal might take another 6 months to finalize so by then I expect main construction work to start. I still expect the company to do a small CR before then to start clearing the site in preparation.
https://stockhead.com.au/resources/a...umina-project/
Altech Chemicals has inked a non-binding deal for $US60 million ($80.4 million) in new financing to build its high purity alumina (HPA) plant in Malaysia.
The “stream finance facility” is being provided by a US-based global investment firm with $US4.5 billion under management, the company (ASX:ATC) told investors this morning.
A stream finance facility provides a cash advance in exchange for a percentage of future gross sales.
Altech’s share price advanced 6.1 per cent to 17.5c on Friday morning on the back of the news.
Earlier this year Altech agreed on a $US190 million loan from German government-owned KfW IPEX-Bank to build the HPA plant in Johor, Malaysia — but the release of the funds depends on securing the rest of the costs.
Altech is also considering a $US90 million mezzanine loan from a global investment bank.
The company told investors the new US$60 million stream finance facility will need to be “acceptable” to KfW IPEX-Bank and any mezzanine debt provider.
Altech Chemicals (ASX:ATC) shares advanced over 6 per cent on Friday morning.
Altech Chemicals (ASX:ATC) shares advanced over 6 per cent on Friday morning.
Misunderstood market
HPA is not a widely understood commodity and there are currently only about four ASX-listed players.
HPA is a high-value material needed for lithium ion battery components and synthetic sapphire used in LED lights, semiconductor wafers and scratch-resistant smartphone glass.
High purity alumina is used in the separator of a battery to make the chemistry more stable.
One of the most highly valued substances among ASX investors… High Purity Alumina. Pic: Getty
It is currently a small global market of about 25,000 tonnes annually.
But that is tipped to grow to around 48,000 tonnes by 2025 and 86,000 tonnes by 2030.
Altech is the most advanced player after earlier this month received the manufacturing licence it needs for its 4500-tonne-per-annum HPA plant.
Petra Capital Valuation 18/6
https://www.altechchemicals.com/site...20Facility.pdf
Still what, 5 years before ATC is really making profits, thats so far away.
Scroll down to chart, a few years orphaned and going nowhere maybe, until production.
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