Latest Update in the SMM Niobium / Tantalum Market

Recently, the situation in the Democratic Republic of the Congo (DRC) has escalated again, adding further uncertainty to the market supply of tantalum ore. Upon the release of this news, bullish sentiment among industry insiders has reignited. Can the CIF price of Chinese tantalum ore (Ta2O5≥30%) sustain the upward trend seen at the start of the year and break through the "100$ mark" in one fell swoop?

[SMM Domestic Analysis: Frequent Reports of Unrest in the DRC, Is China's Tantalum Ore Supply Facing a Crisis?] Recently, the situation in the DRC has escalated again, adding further uncertainty to the market supply of tantalum ore. Once the news spread, industry sentiment reignited towards an upward trend. Can the CIF price of Chinese tantalum ore (Ta₂O₅ ≥ 30%) sustain the upward momentum seen at the beginning of the year and break through the "100 yuan" mark?

On March 21, CMOC released its performance report. The report showed that in 2024, the company's operating revenue exceeded 200 billion yuan for the first time, reaching 213.029 billion yuan, up 14.37% YoY. Its net profit attributable to the parent company surpassed 10 billion yuan for the first time, reaching 13.532 billion yuan, up 64.03% YoY. In 2024, the production of the company's main products, including copper, cobalt, niobium, and phosphate fertiliser, all reached record highs.