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Canyon Resources
(ASX:CAY)


Overview

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.