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Altech Chemicals Limited (ASX: ATC)

  • Smart investors understand the windfall gains to be made from taking an early position in companies set to profit from exposure to the “new age materials” boom. Altech Chemicals share price has almost doubled since July following release of its Bankable Feasibility Study (BFS) for construction of a 4,000tpa High Purity Alumina (HPA) plant at Tanjung Langsat, Malaysia. And no wonder – the project has an NPV of US$326.1 million (10% discount) and capital costs of a meager US$76.9 million. 
  • There is no substitute for HPA in LED manufacturing, HPA demand is growing at a staggering 28% pa. Altech Chemicals is in the funding stage with German KFW IPEX bank.