JX Nippon, Taniobis and AMG to collaborate on tantalum production

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.