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Altech Chemicals - CRU Upgrades Base-Case HPA Demand Forecast

CRU UPGRADES BASE-CASE DEMAND FORECAST FOR 4N+ HPA TO 17.9% CAGR, 2018-28

Highlights

  • CRU high purity alumina (HPA) market outlook report received
  • Known HPA supply will be unlikely to support full demand growth, limiting growth to 17% CAGR from maximum potential growth of 30% CAGR (2018-2028)
  • LED market will require higher quality HPA, rather than low-cost supply
  • Based on CRU’s 4N+ HPA price forecast, Altech’s project NPV increases by 32% to US$669m
  • Project EBITDA increases from US$76m to US$100m p.a.

Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is pleased to advise that it has now received a copy of the high purity alumina (HPA) market outlook report prepared by CRU Consulting (CRU).

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