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Alpha HPA Limited ( (AU:A4N) ) has provided an announcement.
Alpha HPA Limited announced significant progress in its HPA First Project Stage 2, with major civil works contracts issued and construction underway. The company is experiencing strong demand from the semiconductor sector, driven by AI and data center growth, with over 360 orders since May 2024. The company is also expanding its Letters of Intent, covering 63% of Stage 2 production, and has recorded its first sapphire wafer sales as part of semiconductor qualification. These developments position Alpha HPA as a key player in the high purity aluminium materials market, with potential implications for increased market share and stakeholder engagement.
The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.
More about Alpha HPA Limited
Alpha HPA Limited operates in the high technology materials industry, focusing on the production of high purity aluminium products. The company’s primary products include high purity aluminas (HPA), high purity alumina hydroxides (ATH), high purity aluminium nitrate precursors, and high purity synthetic sapphire glass. Alpha HPA is engaged in the commercialisation of its proprietary solvent extraction and HPA refining technology, targeting high technology markets.
Average Trading Volume: 2,550,497
Technical Sentiment Signal: Sell
Current Market Cap: A$903.9M
Learn more about A4N stock on TipRanks’ Stock Analysis page.