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MENAFN- ABN Newswire) London, Dec 18, 2017 AEST (ABN Newswire) - FINANCE VIDEO: Altech Chemicals Ltd () MD Iggy Tan Presents at Mines and Money 2017 in London to investors.
With a 250 year mine life and strategic offtake partnerships in place, Altech is becoming the world's biggest supplier of HPA or "High Purity Alumina".
HPA is used in the manufacture of synthetic sapphire, which is used on almost every apple watch and iPhone. The scratchproof clear crystal is also a major component of LED (Light Emitting Diodes) that is replacing conventional lighting from domestic to industrial applications.
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About Altech Chemicals Ltd
() () is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).
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. There is no substitute for HPA in the manufacture of synthetic sapphire.
Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.
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