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Tartana Minerals Targets Australian Agri Sector for Copper Product
Sep. 11, 2024 01:00PM PST
Copper Investing"The copper sulphate pentahydrate market is quite an exciting market," said Tartana Minerals Managing Director Stephen Bartrop.
Tartana Minerals (ASX:TAT) is ramping up production at its copper sulphate plant following a major shipment of 150 tonnes of copper sulphate pentahydrate through its offtake partner Kanins International.
Managing Director Stephen Bartrop also shared his company’s plans to target the agriculture market for its copper sulphate pentahydrate product, which he said is a significant market in Australia.
“The copper sulphate pentahydrate market is around 400,000 tonnes worldwide, and Australia is a portion of that, but a significant proportion is not the mining sector, but the agricultural sector," he said.
"So we're planning on moving towards that sector, in terms of supplying that sector. And of course Australia imports a lot of its copper sulphate pentahydrate, so we can replace that importation,” Bartrop continued.
Production is also underway for the shipment of another 70 tonnes of copper sulphate pentahydrate.
“The copper sulphate pentahydrate market is quite an exciting market. And that copper market is actually priced on the copper price. So the component is 25 percent copper, and that's (a London Metal Exchange) price variable for the copper sulphate pentahydrate that we sell. So I think we've got that leverage to the (London Metal Exchange) copper price," Bartrop said.
Watch the full interview with Tartana Minerals Managing Director Stephen Bartrop above.
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TAT:AU
