Tantalum Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2024
Tantalum is a hard, bluish grey, transition metal. Previously it was
known as tantalium and is a rare earth metal. It is characterized by
its incredibly high melting point which is bettered only by tungsten,
rhenium, osmium and carbon. Tantalum along with similar metals such
as Neobium, can be found in minerals such as coltan, columbite and
tantalite. Most of the tantalum is derived from hard rock mines;
however it can also be obtained from tin slags, and artisanal mines.
Tantalite is highly resistant to corrosion and is a part of the
refractory metals group.
The main application of tantalum is in the electronics industry where
it is employed in manufacturing capacitors and high power resistors.
In this application, tantalum has to compete with low cost ceramic
and aluminum capacitors. As a result tantalums’ use is mostly
limited to high end capacitors where stability and high volumetric
capacity is of paramount importance. Other electronic applications of
tantalum are sputtering targets and target acoustic wave filters.
Apart from that tantalum finds application in medical devices,
chemical processing and manufacturing of super alloys. Tantalum-oxide is used in camera lenses as well as X-ray equipments, while tantalum
carbide is used to manufacture cutting tools.
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One of the major drivers of this market is the growing importance and
demand for electronic gadgets and equipments. Tantalum alloys are
used extensively in aviation and land based gas turbine, and the
demand from this sector is expected to rise at a brisk pace in the
near future owing to the high growth in aviation and aerospace
industries. The same is true for land based gas turbines as well. The
highest quantity of tantalum demand is expected to come from tantalum
powder/ wire application, followed by its application in super
alloys.
Most of the tantalum that is mined globally comes from Africa, where
the largest resource of tantalum is present. Tantalum is widely
available in Central Africa as well as other parts of the region.
Countries such as Rwanda, Ethiopia, Mozambique, Nigeria, Gabon,
Zimbabwe and Namibia have huge tantalum deposits and cumulatively
account for over 50% of the global production. Tantalum is also
abundant in the Democratic Republic of Congo, and the metal from DRC
is called conflict tantalum, as the metal mined in the conflict
region is sold to perpetuate warfare.
A ban on importing or trading conflict metals has been imposed, which
is expected to hurt the Central African economy and the local people.
The blanket ban is also expected to affect other regions of Africa
which are not conflict zones. Other than Africa, tantalum is mined in
South American countries such as Brazil and Argentina; European
countries such as Germany and Austria; and Asian countries such as
Australia, Japan, Thailand and China. The mining of tantalum in North
America is almost negligible; however mining activities are expected
to commence in the near future. The Central African crisis and ban on
tantalum imports are expected to drive demand from the Asia Pacific
and South American countries.
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Some of the restraints of this market are the demand supply imbalance
due to the ban on Central African imports and price fluctuation of
tantalum ores in different mining locations. For instance, the price
of tantalum imported from South America is slightly lower as compared
to the mineral mined in Australia. Supply chain and inventory are
some of the other concerns for end use industries. However, long term
supply agreements are expected to substantially reduce the price
compared to spot rates and also guarantees supply.
Some of the top tantalum producing companies are Talison Minerals Pty
Ltd., Cabot Corp., China Minmetals Corp., and Ethiopia Mineral
Development Share Company among others. Some of the top tantalum
producing mines are located at Wodgina, Greenbushes, Nanping and
Kenticha among others.
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