Hi again pound - these few paragraphs below from recent news is so indicative of why ADN is well worth a punt. Having James Marsh come over from Minotaur as part of the deal as our new MD is certainly a big part of why I got interested in ADN in the first place.
"HPA has been touted as a “new age feedstock commodity” that’s critical to the supply chain of many high-tech products including lithium-ion batteries and their associated manufacturing process within the broader energy storage sector that has garnered widespread attention in recent years.
Other associated products such as LED lighting and sapphire glass manufacturing (used in the production of smartphones and TV screens) are also considered to be a key market for HPA suppliers.
The raw material is experiencing dramatic growth due to its application in the manufacture of today’s high performance electronic devices and electric-powered vehicles with the underlying market forecast to grow at more than 20% per year over coming decade as many countries attempt to undergo rapid mechanisation domestically and consumers look to high-performance products on a global scale."
ADN Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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