Tantalum concentrate continues to gain price support amid pressing demand for consumer electronics goods and the global extent of shipping delays, which have incentivized primary tantalum producers in Central Africa to raise their output over the past month, Fastmarkets heard on Monday July 5.
Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China, at $87-90 per lb on June 2, its highest level since Fastmarkets started assessing the price in May 2020, when it was $65-66 per lb. Since the start of this year, the price has increased by 60%.Orders for superalloys used in jet engine components have also picked up in recent months,...