Taxpayers have a $75 million equity stake in Gladstone alumina maker Alpha HPA after the National Reconstruction Fund made the cornerstone commitment in a $225 million raise on Thursday.
The ASX-listed company has commercialised a world-first technique to produce high purity alumina (HPA) with fewer impurities, less waste and lower emissions.
HPA was added to Australia’s critical minerals list in 2022 and is in high demand for applications like cooling …
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