GXY 0.00% $5.28 galaxy resources limited

Ann: Galaxy Sells Second Shipment of Tantalum fro, page-4

  1. 117 Posts.
    re: Ann: Galaxy Sells Second Shipment of Tant... Here´s an article from last year.

    http://www.ibtimes.com/articles/36609/20100719/tantalum-price-spike-could-harm-electronics-supply-chain.htm

    Main points.

    "Tantalum isn't traded on open markets; the prices are set by long-term contracts between suppliers and processors. That creates price instability."

    "The price of tantalum could rise sharply in the next six months, leaving the electronics industry unable to deliver products quickly and backing up the supply chain."

    "Ron Gilerman, managing director at A&R Merchants, which trades tantalum and other exotic metals, said the prices out of Brazil were at $80 per pound. He said another 50% increase in prices across the board in 2011 is in the offing."

    So, lets say $100 - $120, 17,000lbs would be around 2m.

    better than nothing, and even better considering it´s a by-product.
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.