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Top 5 Tantalum-mining Countries (Updated 2024)
The DRC, Rwanda and Brazil account for most of the world's tantalum production. Find out which other two countries produced significant amounts of the critical metal in 2023.
Tantalum is a key material in steel manufacturing, as well as many modern technologies — the critical metal is used in capacitors for everything from computers and mobile phones to air conditioners and refrigerators.
Yet despite its importance in the world today, tantalum mining takes place in very few countries. What's more, much of the world’s tantalum is mined in areas known for issues related to conflict minerals, such as the Democratic Republic of Congo (DRC) and Rwanda. Together they account for more than half of global production.
Brazil, Nigeria and China were the other top countries for tantalum mining in 2023. Read on to learn more about the world’s largest producers of the metal based on the US Geological Survey’s most recent report on tantalum.
1. Democratic Republic of Congo
Mine production: 980 MT
The DRC, the world’s biggest tantalum producer, has increased its tantalum-mining activities in recent years. In total, it put out 980 metric tons (MT) of the metal in 2023, producing nearly 41 percent of the world’s mined supply. Much of the tantalum produced in the DRC comes from coltan, a mineral that hosts tantalum and niobium.
As mentioned, the DRC has a reputation for human rights violations in its mining sector, including child labor. Various organizations have taken steps to discourage companies from purchasing tantalum produced unethically in the country. For instance, in the US, the Dodd-Frank Wall Street Reform and Consumer Protection Act was designed in part to stop the flow of conflict minerals from countries like the DRC. However, companies have faced challenges in ensuring their supply chains are clear, and their efforts have not always been effective.
In 2023, the DRC accounted for 11 percent of US tantalum imports. The US is involved in the development of the Lobito Corridor and the Zambia-Lobito rail line connecting the DRC and Zambia to Angola’s Port of Lobito.
"When complete, the project is expected to reduce transportation time, lower costs, and decrease the carbon footprint associated with exporting metals and other products," the US Geological Survey states.
2. Rwanda
Mine production: 520 MT
Rwanda is the world’s second biggest tantalum producer, with output of 520 MT in 2023.
However, it is difficult to know how much tantalum is actually produced by Rwandan mines. It is an open secret that much of Rwanda’s purported mineral production is smuggled from countries like the DRC, where conflict minerals are a problem, and Rwanda is associated with conflict minerals issues as well.
Intel (NASDAQ:INTC) is one company aiming to make the Rwandan tantalum-mining industry more transparent as it uses the metal in manufacturing. UK-based technology company Circular has designed a blockchain tracing system to help determine the origins of tantalum produced in Rwanda.
In 2023, Rwanda was the third largest source of tantalum ore and concentrate imports to the US.
3. Brazil
Mine production: 360 MT
Brazil is the third largest tantalum-producing country, and one of only two top miners of the material located outside of Africa. Overall Brazil is home to 40,000 MT of tantalum reserves.
The country’s largest tantalum mine is the Mibra lithium-tantalum mine, which began operations in 1945 and is owned by Advanced Metallurgical Group (AMS:AMG). In light of issues facing tantalum from Rwandan and Congolese suppliers, Brazil could become a major source of tantalum for end-use companies around the world in the coming years.
4. Nigeria
Mine production: 110 MT
Nigeria came in as the fourth largest tantalum-mining country in 2023. The country produced 110 MT of tantalum last year, some of which came from artisanal mining.
The nation is believed to have large tantalum reserves, although the exact figure remains unknown. Nigeria is another country that extracts tantalum from coltan. Much of its tantalum is found in tantalite ore in the Nigerian states of Nasarawa, Kogi, Osun, Ekiti, Kwara and Cross River.
5. China
Mine production: 79 MT
China is the fifth largest tantalum producer, but its production has decreased in recent years. The country has large reserves of 240,000 MT of the metal; however, it currently has only one operation that produces substantial tantalum, the Yichun tantalum and niobium mine.
What is Australia's role in tantalum mining?
While Australia did not make the top tantalum-mining countries list for 2023, the Oceanic country hosts the world’s second largest tantalum reserves with a total of 110,000 MT, 28,000 MT of which are JORC compliant.
Australia is now the largest import source of tantalum ore and concentrates to the US, supplying 54 percent of this category in 2023. Production over the past five years has fluctuated between 20 and 57 MT.
Tantalum exists in the country alongside lithium deposits, such as in the Bald Hill mine, the Kathleen Valley lithium project and, of course, Talison Lithium’s Greenbushes mine in Western Australia.
Greenbushes is owned and operated by Talison Lithium, which is 51 percent controlled by Tianqi Lithium Energy Australia, a joint venture between China’s Tianqi Lithium (SZSE:002466,HKEX:9696) and Australia’s IGO (ASX:IGO,OTC Pink:IPDGF). The remaining 49 percent stake in Talison is owned by Albemarle (NYSE:ALB).
The mine produces tantalum as a by-product. Allkem (TSX:AKE,ASX:AKE,OTC Pink:OROCF) also produces tantalum as a by-product at its Western Australia-based Mount Cattlin lithium operation.
Another company looking to bring a lithium project into production with tantalum credits is Liontown Resources (ASX:LTR,OTC Pink:LINRF). The company is on track to begin first production at its Kathleen Valley lithium project in mid-2024, and is exploring offtake arrangements with potential buyers for its tantalum by-product.
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Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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Melissa Pistilli has been reporting on the markets and educating investors since 2006. She has covered a wide variety of industries in the investment space including mining, cannabis, tech and pharmaceuticals. She helps to educate investors about opportunities in a variety of growth markets. Melissa holds a bachelor's degree in English education as well as a master's degree in the teaching of writing, both from Humboldt State University, California.
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Melissa Pistilli has been reporting on the markets and educating investors since 2006. She has covered a wide variety of industries in the investment space including mining, cannabis, tech and pharmaceuticals. She helps to educate investors about opportunities in a variety of growth markets. Melissa holds a bachelor's degree in English education as well as a master's degree in the teaching of writing, both from Humboldt State University, California.
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