Australia’s Liontown in talks with US Defense Dept on tantalum supply | Reuters News Agency
Business & Finance
07 December 2023, 5:15 am 1 minute
Reuters exclusively reported that Miner Liontown Resources (LTR.AX) is speaking with the United States Department of Defense about supplying tantalum from its Australian operations if the U.S. passes a new regulation by year end as expected, its chief executive told Reuters on Thursday. Lining up a tantalum deal with the U.S. defense department would provide the company a crucial endorsement and potentially future funding as it develops its Kathleen Valley lithium mine, seen as one of the most promising deposits of the metal.
Market Impact
Kathleen Valley is expected to produce around 430 tonnes (950,000 lb) per annum of 30% tantalum concentrate, equivalent to around 285,000 lbs.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: Australia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
