2020-08-28
Aug. 28, 2020 - Australian Bauxite Limited (ABx) said it’s subsidiary Alcore Limited has entered into an agreement with Japanese global trading company Sojitz Corporation to investigate potential partnership opportunities in the production and marketing of aluminium fluoride (AlF3).
The two firms are attempting to position themselves to take advantage of a burgeoning market for AlF3, which is only at present sold by suppliers in the People’s Republic of China. In addition to uses in increasing efficiency in aluminium smelters by dropping electrical power consumption, AlF3 is also a key ingredient to the next generation of batteries, including those using lithium ions for power storage.
ABx is seeking to partner with Sojitz, which is a Japanese general trading firm. Sojitz includes about 400 subsidiaries and affiliates both in Japan and abroad.
“Sojitz has been assisting Alcore for 3 years and is one of several aluminium industry corporations that are vitally interested in the Alcore processes and business plans. We welcome this third-party endorsement and we expect there will be further endorsements in the coming months as we start to standardise our product specifications and processing strategies. Sojitz can provide an immediate international capability and could assist in the supply chain for Alcore production of AlF3 which is a strategically important mineral product for aluminium smelting and battery production.”
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