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Market sees tantalum through prism of Brazil’s trade with China

July 19, 2010 - 00:00 GMT

Big shift? - ’We do not purchase from the DRC, just from Brazil, Australia and China’

Around three-quarters of a Brazilian company’s second half tantalite production has been bought by a Chinese company, which rejected an offer of material from the Democratic Republic of Congo (DRC), market participants told MB. As much as 200,000 lb (91 tonnes) of Brazilian tantalite was booked at $80 per lb ($176 per kg), market sources said. “Someone purchased 75% of Brazil’s output for $80, this after rejecting material from the conflict zone of the Congo,” one well-informed source said. The supplier was CIF Fluminense, part of the Metallurg Group, and the customer was China’s Ningxia Non-Ferrous, other market sources...

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