Altech Chemicals Ltd (ASX:ATC) maintains its strategy on high purity alumina (HPA), which is used in batteries as coating for fire resistance.
Consumption of HPA is forecast to experience significant growth.
READ NOW: Altech Chemicals upgrades alumina plant design, targets lithium battery sector
Altech is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Wednesday 25th October 2017, or earlier if an announcement is made to the market.