What does CAY do?
Canyon Resources (ASX:CAY) is developing one of the largest undeveloped, high grade direct shipping bauxite deposits globally in Cameroon, Africa.
Bauxite is the primary raw-material used in producing aluminium.
What is the macro theme?
Aluminium is considered a “green metal” due to its infinite recycling capacity & long-lifespan.
It is considered a critical industrial metal in all manufacturing settings because it is both light-weight and strong. It is also a critical material in the primary technologies that will be the foundation of a low-carbon future including wind power, solar and energy storage (batteries).
More recently, the EU recognised aluminium as a strategically important material in supporting the transition towards a modernised greener economy.