Latest news with #tantalum
Yahoo
6 days ago
- Business
- Yahoo
Energy Transition recommended as preferred bidder for Spanish Penouta mine acquisition
Australian Securities Exchange (ASX)-listed company Energy Transition Minerals has announced that its subsidiary, Energy Transition Minerals Spain, has been recommended as the preferred bidder to acquire the Penouta tin-tantalum-niobium mine in Spain. The recommendation by the court-appointed administrator is part of the auction process for the assets of Strategic Minerals Spain, which is currently in administration. The Penouta Mine, located in Galicia, Spain, includes both permitted and currently suspended sections. The bid status places Energy Transition Minerals Spain in a favourable position ahead of a live auction scheduled for 29 July 2025. Should its bid remain preferred, the company expects to be declared the acquirer of the productive unit of Strategic Minerals Spain by the court by October. The offer for the mine is up to €3.6m ($4.1m), which includes a €2.5m fixed consideration, up to €1m in contingent payments and €100,000 coverage for employee liabilities. A deposit of €500,000 has been lodged, which is refundable under certain conditions but forfeitable if the company's bid is not selected or if it withdraws post-selection. The company has also committed to covering care and maintenance costs of up to €1.2m for a maximum of 12 months. Completion of the transaction is contingent on several conditions including legal, regulatory and creditor approvals. The offer will be funded from Energy Transition Minerals' cash reserves and the transaction is expected to be completed before the end of 2025. The deal aligns with Energy Transition Minerals' strategy to build a diversified portfolio of critical minerals projects, complementing its core asset, the Kvanefjeld rare earths project in Greenland. "Energy Transition recommended as preferred bidder for Spanish Penouta mine acquisition" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
09-07-2025
- Business
- Yahoo
Materion Completes Acquisition to Expand Semiconductor Footprint and Capabilities in Asia
MAYFIELD HEIGHTS, Ohio, July 09, 2025--(BUSINESS WIRE)--Materion (NYSE: MTRN) reported today that it has completed its previously announced acquisition of manufacturing assets for tantalum solutions in Dangjin City, South Korea, serving the semiconductor market. This strategic investment expands Materion's global footprint with a facility in Asia to better support and service global Tier I semiconductor customers and strengthens Materion's position as a leading supplier of deposition materials. About Materion Materion Corporation is a global leader in advanced materials solutions for high-performance industries including semiconductor, industrial, aerospace & defense, energy and automotive. With nearly 100 years of expertise in specialty engineered alloy systems, inorganic chemicals and powders, precious and non-precious metals, beryllium and beryllium composites, and precision filters and optical coatings, Materion partners with customers to enable breakthrough solutions that move the world forward. Headquartered in Mayfield Heights, Ohio, the company employs more than 3,000 people worldwide, serving customers in more than 60 countries. View source version on Contacts FOR FURTHER INFORMATION, PLEASE CONTACT: Media Scott Tennant(216) Investors Kyle Kelleher(216) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
12-05-2025
- Business
- Telegraph
Here's just one of the many ways Trump can turn the screw on Putin's arms making
Foreign sanctions have deprived Russian industry of critical materials it needs to produce Russia's best weapons. Case in point: tantalum, a rare mineral that many high-tech industries rely on for capacitors. The best Russian cruise and ballistic missiles, drones and tanks all include processors, navigation systems or radios that have tantalum capacitors. But most of the tantalum comes from abroad – the Democratic Republic of Congo, Brazil and China are main suppliers – and sanctions imposed by the United States and various European countries have squeezed that supply. 'While Russia has its own tantalum deposits, they are significantly smaller,' Ukrainian analysis group Frontelligence Insight reported earlier this year. Moreover, 'Russia lacks advanced processing facilities to produce high-quality tantalum powder needed for capacitors.' The bottom line is that sanctions 'are actually working,' Frontelligence concluded. But will sanctions survive the chaotic, authoritarian administration of US president Donald Trump? That Russian industry is struggling to produce enough new weapons to sustain the country's 35-month wider war on Ukraine is evident along the 800-mile front line. Running low on modern armoured vehicles after losing 15,000 of them to Ukrainian action, Russian regiments first turned to old Cold War vehicles they pulled out of long-term storage. But even these aged vehicles are running low. More and more, Russian troops attack Ukrainian positions in civilian cars, vans and golf carts – or on foot. The shift to unarmoured transportation and infantry-first tactics has driven average daily casualties to new highs. It's not uncommon for 2,000 Russians to be killed or wounded in a single day. At the same time, the Russians are losing control of the air over critical sectors as Ukrainian drones outfly and outnumber Russian drones. 'The enemy has achieved sufficient scale and variety in its drones and has honed its tactics for their use,' one Russian blogger warned. A tantalum shortage is one factor in declining Russian arms production. Russian factories used to import processed African, Chinese and South American tantalum from a single large facility in Kazakhstan. But Kazakhstan has joined the sanctions regime, throttling the flow of the processed mineral powder. The Russians have tried to buy more processed tantalum from China, but the quality has been poor. According to Frontelligence, Russian industry needs 1,700 pounds of high-grade processed tantalum a month. To fulfill existing contracts for new weapons over the coming months, Russian factories need more than 4.5 tons of the mineral – but the current stockpile weighs a little more than two tons. There are 'no immediate solutions for procurement' of the other two tons, Frontelligence assessed. To make up the gap, Russian industry could buy more 'dual-use' tantalum components – those designed for commercial products but suitable for weapons, as well. Passed from intermediary to intermediary and finally shipped to Russia from countries that aren't signatories to the sanctions regime, the dual-use components arrive slowly – and at higher cost than Russian buyers would want. But they do arrive. Closing off this last source of tantalum should be a priority for foes of Russia and friends of Ukraine. 'Companies involved in the production or trade of tantalum powder or capacitors … must face the prospect of losing access to Western markets if detected trading with Russia,' Frontelligence urged. It's equally likely sanctions will loosen, however, as the new Trump administration enacts an extreme and at times bizarre agenda. One of Trump's first actions was to halt all foreign aid, including support for Ukraine. Trump focused much of his energy in the days that followed threatening Danish leaders in an inexplicable bid to annex Greenland as a US territory. Without American buy-in, there's almost no prospect of a stricter sanctions regime that might finally halt the trickle of tantalum into Russia. By doing nothing – or worse, unwinding existing sanctions – the US government, once the Russian arms industry's greatest foe, could rescue that industry from tantalum starvation.
