Altech Chemicals Limited (ASX:ATC)
Managing Director Iggy Tan said “Our vision is to be the largest producer of high purity alumina.
So what is high purity alumina? Sapphire and rubies are actually formed in Mother Nature under intense pressure and temperature and its formed from high purity alumina, much the same like diamond is formed from carbon..
Sapphire is nearly as hard as diamond. Its number 9 on the Mohs scale, compared to perfect 10 for diamonds. And virtually it’s un-scratchable. So the definition of high purity alumina is 99.99 percent..
The price of this high purity alumina, much like the silicon industry, is exponential as you go up in quality. For example, the smelter grade alumina is worth US$400 per tonne, 99.9 percent is worth US$6,000 per tonne. But our material at 99.99 percent is worth US$23,000 per tonne...”