Cabot Will Sell Tantalum Business | Chemical & Engineering News
Volume 89 Issue 35 | p. 16 | Concentrates
Issue Date: August 29, 2011

Cabot Will Sell Tantalum Business

Department: Business
News Channels: Environmental SCENE, Materials SCENE
Keywords: tantalum, capacitors, turbine blades

Cabot has reached an agreement to sell its Supermetals business for $400 million to Global Advanced Metals, an Australian supplier of tantalum ore. Cabot Supermetals refines tantalum, which is used to make capacitors and turbine blades. Cabot says specialty metals don’t fit with its long-term direction. However, the firm plans to retain the Manitoba mine where it mines tantalum and cesium. It uses the latter to make cesium formate, an ingredient for oil and gas well completion fluids.

 
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