JX Nippon, Taniobis and AMG to collaborate on tantalum production

Published by Joe Toft, Editorial Assistant
Global Mining Review, Tuesday, 03 January 2023 14:00

JX Nippon Mining & Metals Corporation has announced that it will expand into the mineral resources business in the field of rare metals, and will work to build and reinforce an integrated business structure encompassing upstream to downstream operations. As a first step, the company has decided to participate in the business of producing tantalum raw materials. From January 2023, under the joint venture (JV) with AMG Brasil SA, the company will produce tantalum concentrates from ores extracted at the Mibra mine operated by AMG. These tantalum concentrates will be purchased on a priority basis by TANIOBIS GmbH, a member of the JX Nippon Mining & Metals Group, and will account for approximately 20% of TANIOBIS's total procurement. In addition to ensuring the stable procurement of raw materials for the production of advanced materials, this will also further efforts toward sustainable and responsible procurement.

The strategy outlined in the JX Nippon Mining & Metals Group Long-Term Vision 2040 positions rare metals, which are essential for the production and development of advanced materials, as a central business domain alongside copper. As part of this strategy, Taniobis and the rest of the Group have been working to expand business in functional tantalum powders and other advanced materials. These advanced materials are used in leading-edge semiconductors and capacitors, and demand is increasing steadily in line with expanding demand for mobile devices and telecommunications infrastructure. This growth is expected to continue into the future.

Read the article online at: https://www.globalminingreview.com/mining/03012023/jx-nippon-taniobis-and-amg-to-collaborate-on-tantalum-production-jx-nippon-and-taniobis-have-entered-into-a-partnership-with-advanced-metallurgical-group-amg-for-tantalum-production-in-brazil/

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