NEO Battery Materials Ltd. Secures an $8 Million Equity Facility with New York Private Equity Firm Alumina Partners LLC
NEO or the
Investment Agreement ) for a drawdown equity financing facility (the
Facility ) of up to CDN$8 million with Alumina Partners (Ontario) Ltd. (
Alumina ), an affiliate of New York-based private equity firm Alumina Partners LLC. The Investment Agreement with Alumina Partners provides a strong financial backing that will enable NEO Battery Materials to move to the next stage of executing our business plan and strategies, said Spencer Huh, CEO of the Company. The flexibility of the Facility will allow NEO to expedite the process of commercializing our proprietary silicon-based hybrid anode material and exploring the two crucial commodities necessary for our battery materials production - silicon and lithium.
Aluminum Extrusion Market in India to Reach $2.5 Billion by 2027 | CAGR: 8.3%: AMR Increase in demand for lightweight products in construction activities and high corrosion resistance and durability drive the growth of the India aluminum extrusion market. The building & construction segment held the highest market share in 2019, and is expected to continue its leadership status during the forecast period. Manufacturing activities of aluminum extrusion were stopped due to lockdown imposed by the government. Moreover, the supply chain is disrupted.
March 10, 2021 21:30 ET | Source: Allied Market Research Allied Market Research Pune, INDIA
Portland, OR, March 10, 2021 (GLOBE NEWSWIRE) According to the report published by Allied Market Research, the
Alumina Trihydrate Market worth $1.9 billion by 2025 - Exclusive Report by MarketsandMarkets Alumina Trihydrate Market
by Type (Ground, Wet, Dry, Precipitate), Application (Flame Retardant, Filler, Antacid), End-Use Industry (Plastic, Building & Construction, Paints & Coatings, Pharmaceuticals, Glass, Rubber), Region - Global Forecast to 2025 , published by MarketsandMarkets, the global Alumina Trihydrate Market size in 2020 is estimated at USD 1.5 billion and is projected to reach USD 1.9 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The major drivers for the market include the rising consumer demand for alumina trihydrate in different applications and end-use industries, such as flame retardants, and paints & coatings. However, the substitutes present in the market, for instance, magnesium hydroxide, can restrain the market growth.
An SMM survey showed that China produced 821,800 mt of copper cathode in February, rising 2.89% from January and 20.31% from a year ago, as some copper smelters recovered from maintenance.