painting a rosy picture for tantalum

Painting a rosy picture of lithium and tantalum

Critical Elements is not only relying on lithium to make money from Rose — tantalum is another in-demand metal that is enjoying a rising price.

At the moment the metal used for capacitors and alloys is trading at $125 – $130 a pound, up from $100 a year ago.

While conventional tantalum mines in Canada and Australia sign long-term supply contracts, artisanal mining in central Africa and Brazil accounts for a full 50% of total mining output.

These producers operate in almost a spot market which can lead to periods of oversupply.

Nevertheless analysts predict 5% per annum growth rate to 2020, while many including Lavallée predict much stronger pricing in the medium-to-longer term of closer to $300.

http://www.mining.com/painting-a-rosy-picture-of-lithium-and-tantalum-99638/

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