Aluminum Trioxide demand set to spike, study states
Worldwide demand for aluminum trioxide is forecast to skyrocket on a yearly compounded growth rate of 52 percent during the three-year period leading to 2015, according to a report cited by Mining Weekly.
Project developer Orbite Aluminae commissioned the study that was probed by Secor and it aimed to gauge the market potential of high-quality alumina. The study also sought to determine the developer's potential competitive advantages. The results of the study were publicized this past Thursday.
By 2015, according to the study, the market is forecast to climb to 25,350 tons from 2,030 tons in 2009. Sharply increasing demand for light-emitting diode innovative lights is the driver. Additional applications that are considered high technology also are pushing demand.
"Global demand for high-purity alumina is quickly exceeding the available supply. Orbite should help address this deficit, which is critical to a range of industries, and is well positioned to be a strategic alternative to the Asian producers who've largely dominated and controlled the market," chief executive officer Richard Boudreault with Orbite said.
Many steps within operational planning produce high-quality alumina, which comes from purified smelter-grade alumina.
The report also indicated that Orbite's facility, which is being built in Quebec, has the potential to be a formidable competitor to Chinese firms.
Orbite is converting its 2,600 square meter pilot plant in Cap-Chat, Quebec, into a production facility for high-purity alumina, according to the company's website.
Projections indicate that the full-scale facility will be prepared completed early next year, the website states.