[ADC12 Price Daily Review: Costs Drive ADC12 Prices Higher, Demand-Side Support Limited] Today, ADC12 market quotations were raised by 100 yuan/mt overall. Driven by the synchronous rise in aluminum prices and futures, aluminum scrap procurement costs further increased. The cost side provided strong support for ADC12 prices, and most enterprises chose to raise their quotations accordingly to pass on the cost pressure.

On July 27, China Southern Power Grid Comprehensive Energy Company released the Transaction Result Announcement (II) for the first batch (third procurement) of the 2026 energy comprehensive utilization project equipment framework tender (PV modules), with winning enterprises including TCL Zhonghuan Energy Technology (Jiangsu) Co., Ltd., JA Solar Technology Co., Ltd., and LONGi Green Energy Technology Co., Ltd.

[SMM Express] China continues to dominate the export market for Nigerian tantalum concentrates, accounting for an estimated 80%–90% of formal export volumes. Most shipments are purchased by Chinese trading companies and processors, with downstream refining concentrated in major processing hubs such as Jiangxi, Fujian and Guangdong. Europe remains an important secondary destination, with tantalum concentrates supplied to processors and commodity traders serving markets in Germany, Estonia, Belgium and the Netherlands. Smaller volumes are also routed through trading hubs in Malaysia and Singapore before entering downstream supply chains, while interest from the United States is increasing as efforts to diversify critical mineral supply chains continue. A notable share of Nigerian columbite-tantalite production is also understood to move through informal cross-border trade routes before entering formal international markets. These unofficial flows make it more challenging to accurately monitor export volumes, pricing and end-market destinations, highlighting the importance of improved supply chain transparency in the global tantalum market.