Decarbonising the Future With High-purity Alumina

Industrial applications and global significance

The industrial applications of HPA span across a spectrum of cutting-edge technologies. HPA plays multiple roles in sustainable industries that will help reduce carbon footprints. Here's how it contributes:

• Enhancing LEDs: HPA is a crucial ingredient in making synthetic sapphires, which are used to create scratch-proof glass for smartphones and watches, but also creates the substrates for LED lighting. LEDs’ longer lifespan reduces energy consumption and greenhouse gas emissions; HPA's role in enhancing LEDs’ performance and longevity makes for a smaller carbon footprint.

• Helping EVs decarbonise the automotive sector: Electric transportation reduces reliance on fossil fuels and mitigates carbon emissions. HPA-coated separators in lithium-ion batteries improve their efficiency and safety, which enhances performance and lifespan of EVs.

• Improving battery and solar panel energy storage: HPA's applications improve the efficiency and reliability of stationary batteries for grid-scale storage and residential solar installations.

• Producing circuits and microchips in semiconductor manufacturing: HPAs are integral electronic devices like smartphones, computers, and renewable energy systems.

Supply and demand dynamics

The demand for HPA is steadily rising, fueled by the growing adoption of the UN’s Paris Agreement to work towards global sustainable development. However, the current supply remains relatively constrained, prompting efforts to ramp up production and diversify sources.

At present, key players in the HPA market include Alpha HPA (ASX:A4N), Impact Minerals (ASX:IPT), Sumitomo Chemical (TSE:4005) and Sasol (NYSE:SSL,JSE:SOL). Despite their presence, the market exhibits room for new entrants, especially with emerging projects showcasing promising potential.

According to Persistence Market Research, “the global HPA market is currently valued at US$3.18 billion. With a compound annual growth rate of 22.2 percent, the market is anticipated to reach US$12.21 billion by 2023–2030.”

Impact Minerals’ Lake Hope project’s HPA resource presents a promising opportunity to not only meet the growing demand for this critical material but also to contribute significantly to global efforts in reducing carbon footprints. With its high-grade boasting approximately 25 percent alumina, Lake Hope offers a rich source of raw material without the need for extensive crushing or grinding processes.

This streamlined extraction process translates to cost effectiveness and minimal environmental disruption, as the ore can be easily trucked off site for processing at existing industrial facilities. Moreover, Lake Hope's mining operations boast a tiny environmental footprint, characterised by biological sterility and very low carbon emissions, aligning seamlessly with sustainability objectives.

Promising HPA projects: Unlocking value propositions

Several HPA projects worldwide are poised to capitalise on the burgeoning demand for this versatile mineral. Projects such as Altech Chemicals' HPA-coated silicon anodes for EV batteries, Impact Minerals’ project in Lake Hope, and Alpha HPA's proposed ultra-high-purity alumina production facility in Queensland, Australia, offer compelling value propositions. Leveraging innovative extraction and purification technologies, these projects aim to deliver high-quality HPA at competitive costs, catering to diverse industrial needs. Additionally, initiatives focusing on sustainability and resource efficiency underscore the industry's commitment to responsible production practices, aligning with global sustainability agendas.

Emerging new HPA projects signifies exciting prospects for sustainable growth and advancement in high-tech applications. HPA represents a niche yet critical segment within the broader alumina landscape. Its exceptional purity and versatile properties make this a choice investment for any technology-focused industry or environmentally focused option for greener commodities. As world leaders have emphasised the importance of capping global warming by 1.5 degrees Celsius, more companies are meeting environmental demands to provide energy efficient options.

Demand continues to surge for HPA, supported by evolving technological trends and the need to meet international and local carbon reduction targets. As industries strive to adopt cleaner practices and reduce their carbon footprint, the demand for HPA is escalating rapidly, driven by both advancing technological trends and the imperative to comply with stringent global and local environmental regulations.

This INNspired article is sponsored by Impact Minerals (ASX:IPT). This INNspired article provides information which was sourced by the Investing News Network (INN) and approved by Impact Mineralsin order to help investors learn more about the company. Impact Minerals is a client of INN. The company’s campaign fees pay for INN to create and update this INNspired article.

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