Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
ABx Group Limited ( (AU:ABX) ) has shared an update.
ABx Group Limited, along with its subsidiary ALCORE, has secured a lease for a pilot plant facility adjacent to Rio Tinto’s aluminium smelter in Bell Bay, Tasmania. This facility will demonstrate ALCORE’s proprietary process to produce hydrogen fluoride from waste, which will be converted into aluminium fluoride—currently fully imported—thereby supporting the circular economy. The agreement is bolstered by a conditional loan from the Tasmanian Government, with the pilot plant poised to make significant strides in local aluminium chemical production. The collaboration with Rio Tinto and the strategic location offer substantial advantages, potentially benefiting the community and the state’s economy.
More about ABx Group Limited
ABx Group Limited is a company operating in the industrial chemicals sector, focusing on innovative processes to produce essential chemicals like aluminium fluoride from waste products of the aluminium smelting process. The company is notably active in promoting circular economy practices, aiming to reduce reliance on imports and enhance local production capabilities.
YTD Price Performance: -12.20%
Average Trading Volume: 108,845
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.51M
For detailed information about ABX stock, go to TipRanks’ Stock Analysis page.
