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Silica’s battery future

30 August 2022 13:36
ASX: APS

Silica could be joining hot-ticket metals lithium and cobalt as a critical battery ingredient and play a role in the constantly expanding electric vehicle market.

A report from IdTechEX senior technology analyst Dr Alex Holland posits silicon might replace graphite as the primary metal used in lithium-ion battery anodes, offering greater energy density and efficiency — and feasibly make up the entirety of the anode.

And with the global silica market already predicted to grow from 8 to 24 billion dollars by 2024, a move towards silicon anodes would only shoot demand skyward.

Allup Silica is setting up shop in the silica sands of Western Australia and already see a supply imbalance looming.

“We became aware that there’s a growing silica shortage globally where simply demand is outstripping supply and traditional supply sources are drying up,” chief executive Andrew Haythorpe explained.

“We were literally getting ourselves prepared and starting to do some initial work and we had a number of reaches from customers looking for high-grade silica.”

With four high-grade silica projects in Western Australia and a flagship Unicup project hosting a JORC Mineral Resources Estimate of 73 million tonnes of silica at an enviable 96.84 per cent grade, Allup was already well-positioned to strike into demand.

A demand which could soon join the battery boom and grow all the greater.

 

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