Altech Chemicals (ASX: ATC)
Altech Chemicals (ASX:ATC) is closing in on starting production of High Purity Alumina – or HPA.
HPA is irreplaceable in LED lights and semi-conductor wafers, and the market is expected to double over the coming decade.
This surge in demand for HPA is on the back of some futuristic applications, chiefly as an ingredient in sapphire glass – found on the face of Apple’s iWatch.
It’s also increasingly used in a variety of smart phone screens, due to its superior scratch resistance compared to conventional gorilla glass.
With strong demand forecast, ATC recently released its Bankable Feasibility Study, confirming it can pump out 4,000 tonnes per annum of HPA, generating almost $60M EBITDA a year at full capacity…
However, investors should treat revenue forecasts as speculative – ATC is an early stage company with no guarantee of success.
With a low cost processing plant to be established in Malaysia, and a BFS locked away, it may not be long until ATC enters the market as a low cost HPA producer.