BASF would be my prime assumption given they are “the largest...

BASF would be my prime assumption given they are “the largest chemical producer in the world” while also operating in the industrial minerals space:



It is a behemoth with an absolutely monstrous market capitalisation and thus with seriously deep pockets:



I have long considered BASF as a likely candidate (if not the most likely candidate) for serious interest in ADN, whether as an offtake / joint venture partner or potential takeover suitor.

There is the previous halloysite-kaolin agreement BASF had with Applied Minerals as noted above.

Shall be interesting to see what may transpire here. Best wishes to all.