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Ann: Shareholder update, page-11

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    High purity alumina (HPA) is not only bauxite, but also from cheaper sources as kaolin clay as well, see link

    https://www.altechchemicals.com/hpa-processing-technology

    Was also a surprise for me, but a nice one as the profit margins of HPA are increasing, because of their use as separators in lithium batteries.
 
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