· For example, major commodity price peaks were the drivers of artisanal mining rushes in the DRC, as illustrated by the expansion of artisanal coltan mining during the tantalum price boom of 2000–2001 (Usanov et al., 2013) and growing artisanal cobalt (copper) mining during the recent cobalt price boom of 2017–2018 (Rubbers, 2019).
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· Tantalum as an investment can be a rather contentious topic among finance experts. Others call it a conflict resource and have linked the use of the metal to the war in the African country once known as Zaire. This war is sometimes called the African World War, and it involved 9 countries and about 20 separate armed groups.
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Today, various tantalum capacitor manufacturers, such as KEMAT Corporation, are partnering with mines in other regions of the world such as South America, which contains even greater sources of recently discovered tantalum. Before these deposits were discovered, Africa was believed to hold up to 80% of the world's known tantalum deposits.
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· From August 2020, however, the pronounced effects of COVID19 on tantalum demand filtered through to prices, which fell to a low of US51/lb by the end of the year. With a hint of recovery going into 2021, Roskill expects prices to rise again as tantalum demand returns through 2021 but, long term, upward price movement will be limited as Australian supply reenters the market.
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