Kemet Says Closed Tantalum Mine Will Not Affect It
KEMET Corporation (NYSE:KEM) announced it expects no negative impact on its supply of tantalum on news Global Advanced Metals will close their mine.
KEMET Corporation (NYSE:KEM) announced it expects no negative impact on its supply of tantalum on news Global Advanced Metals will close their mine.
GAM closed the deal for Supermetals creating a vertical supply chain. But shortly after GAM annouced the closure of Wodgina, putting the mine-processing relationship on hold.
Cabot Corp. has agreed to sell its Supermetals business to Global Advanced Metals, a deal of substantial interest, and one that raises numerous questions.
TTI reports Global Advanced Metals’ purchase of Cabot Supermetals is a major change in the supply of tantalum.
Donnybrook-Bridgetown Mail reports Global Advanced Metals is buying Cabot Corp’s (NYSE:CBT) Supermetals business.
Mineweb reports Allen & Overy is advising Global Advanced Metals on its acquisition of Cabot Corp's (NYSE:CBT) Supermetals business.
Rising tantalum prices, increased demand and speculations of supply shortages are breathing life back into the industry, prompting an increasing number of parties to position themselves for the benefits.
The delay of the full implementation of the Conflict Minerals Act, while helping to create a more responsible and transparent system, may have harsh consequences for miners in the Democratic Republic of Congo.
Rising demand for consumer electronics’ will stretch the supply chain of tantalum thin, potentially eliminating stockpiles of the metal. Tantalum is essential for high tech electronics, and prices having been rising on limited supply. Ron MacDonald from Cansource explains how this will effect the market.
MetalMiner reported that Global Advanced Metals closed its operations at Wodgina due to poor demand just after the global economic crisis in late 2008.
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