I completly agree. But I think the HPA sector has a unique...

I completly agree. But I think the HPA sector has a unique situation with a lot of bauxit mines closed and a tremendous increase in required HPA in the next years (increasing rates of 17% per year). Otherwise it also has a safety functions in the seperator that is something with severe consequences if not done properly.

You also have to take into consideration that FYI is in a unique position the only HPA coming producer (neartime) from kaolin with available capacity of 8000t (HEG is miles away doing due diligence and a trial plant with 1000t, ATC has a contract with Mitsubishi).

I think this is a big chance for FYI to become a market leader