KEMET Corporation (NYSE:KEM) announced it expects no negative impact on its supply of tantalum on news Global Advanced Metals will close their mine.
As quoted in the press release:
KEMET has strategically diversified its raw material sources in an effort to prevent any one supplier from causing disruption to the Company’s supply chain. Additionally, KEMET’s recent agreement to acquire Niotan, a tantalum powder manufacturer inNevada, USA, solidifies the Company’s efforts to bring stability in this market. By achieving complete vertical integration from the sourcing of tantalum ore through the manufacture and sale of tantalum capacitors, KEMET is exhibiting its long-term commitment to this technology and its customers.