Starting in mid 2009 tantalite ore prices began to increase dramatically. In less than a year, tantalite ore prices more than doubled, with prices in June 2011 peaking at $132 per pound. What has caused this rise?
A year ago, China's announcement of export quotas sparked a frenzy in the world of rare earth elements. This year another announcement quotas has not caused quite the same shock, but a price explosion has ensued nonetheless.