Altech Chemicals rises most in over 2 weeks on industrial site buy in Germany

Altech Batteries

20/01/2022 02:19

** Shares of Altech Chemicals  ATC.AX  rise as much as 9.5%
to A$0.115, their best intraday session since Jan 4
    ** Alumina supplier's 75% owned German unit buys 14-hectare
industrial site in Schwarze Pumpe Industrial Park, Saxony,
Germany  urn:newsml:reuters.com:*:nFWN2TZ1CZ
    ** Says site is an ideal location for the proposed alumina
battery materials coating plant that is undergoing preliminary
feasibility study urn:newsml:reuters.com:*:nL4N2KI0OT
    ** Says plant to produce alumina coated silicon or graphite
anode materials to supply lithium-ion battery and electric
vehicle markets
    ** Stock has fallen 12.5% YTD as of last close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))