Resolves YES if the trailing twelve months (TTM) average price for tantalum concentrate imports, as reported by Argus or a comparable industry price reporting agency, exceeds $155 per pound on April 1, 2026. This price reflects the market tightness caused by supply disruptions in DRC and Rwanda and strong demand from capacitors and AI data center buildouts. The threshold is set near the current surge level (~$149-156/lb as of late February 2026) to capture whether prices sustain or increase further by the settlement date. Only official published price assessments for tantalum concentrate imports count; scrap or metal prices do not.
Tantalum concentrate prices are surging due to increased capacitor demand and supply disruptions from DRC and Rwanda. As market tightness persists, prices are expected to continue rising in the near term.
Source: Article
1,000Based on the article from Argus detailing a significant increase in tantalum prices due to demand for capacitors and supply disruptions in the DRC, a new market has been created to evaluate whether tantalum concentrate import prices will exceed $155 USD/lb by April 1, 2026. The Rubaya mine landslide has impacted roughly 5% of global tantalum feed, supporting the thesis for further price increases.