Australian Bauxite’s patented technology to produce high-grade, high-value aluminium products
Australian Bauxite Ltd (ASX:ABX) marketing and investor relations manager Julie Young speaks to Proactive Investors about the bauxite producer’s operations and the development of its patented process technology.
The patented technology is held by ABX subsidiary ALCORE Limited and can convert raw bauxite – which sells for about US$50 a tonne – to high-grade products, which command a price of about US$1,000 per tonne.
“With ALCORE, we have 4 interested customers – we’ve proceeded to a production plant for ALCORE and we will be sending out at the end of year samples to our 4 interested parties for them to be able to assess our product which is basically aluminium fluoride,” Young says.
She continues, “aluminium fluoride is utilised in aluminium smelters and also will be utilised in lithium-ion batteries so we’re going to see aluminium fluoride increasing in demand.”
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