Orient Tantalum Industry receives regulator approval of private placement
2023-09-13 12:01:02 [Print]
Ningxia Orient Tantalum Industry Co., Ltd. has received approval from China Securities Regulatory Commission to raise up to RMB675 million (USD92.59 million) through a private placement.
The company plans to use the proceeds to advance its tantalum-niobium pyrometallurgy project which is expected to add new production capacity of 180tpa of smelted tantalum and niobium, 140tpa of casting products of tantalum, niobium and their alloys, and forging throughput of 6,018tpa. In addtion, the company's tantalum-niobium plate and strip production capacity is expected to reach 70tpa and the niobium-based superconductors project would add production capacity of 70 niobium superconducting cavities per annum.
The company plans to use the proceeds to advance its tantalum-niobium pyrometallurgy project which is expected to add new production capacity of 180tpa of smelted tantalum and niobium, 140tpa of casting products of tantalum, niobium and their alloys, and forging throughput of 6,018tpa. In addtion, the company's tantalum-niobium plate and strip production capacity is expected to reach 70tpa and the niobium-based superconductors project would add production capacity of 70 niobium superconducting cavities per annum.
Tantalum Pentoxide 99.5%min EXW China
Unit:RMB/kg
China tantalum oxide producers' inventory statistics by province by month
Unit: mt
