logo-loader
Australian Bauxite Ltd

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.”

Quick facts: Australian Bauxite Ltd

Price: $0.11

Market: ASX
Market Cap: $16.06 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

'May only be a matter of time' before Uranium price recovery with...

Mining Capital's Alastair Ford discusses the planned slow down in production from Kazatomprom (LON:KAP). The miner's looking to cut output from its Kazakh mines by around 20% through to 2021. He says that extends the timeframe of its previous production curtailment by a further year, and...

1 day, 13 hours ago

2 min read