The average cost of halloysite per ton ranges between $400.00-800.00. Its chemical formula is Al2Si2O5(OH)4. It is a clay mineral which contains aluminum, silicon and hydrogen. It belongs to the kaolin group. It has excessive water content and low crystalline. It forms mainly on volcanic material. It is a catalyst and is used in the manufacture of ceramic products. It is used as a petroleum cracking catalyst and in the production of fine china and porcelain. It can be used as filler in natural or modified forms in nanocomposites due to its structure.