Discovery Of Coltan Deposits : Kenya
Kenya has officially announced the discovery of coltan deposits within its borders for the first time.
- Coltan, short for columbite-tantalite, is a valuable mineral composed of niobium and tantalum that is integral to producing electronics like smartphones and electric car batteries.
- Tantalum is a key component derived from coltan used to make capacitors essential parts found in almost every modern tech device. Capacitors help regulate and store energy in electronic circuits.
- The recent find marks a potential economic boost for Kenya.
- Demand for coltan to steadily rise in tandem with production of electronics and electric vehicle batteries.
- With tantalum being a rare earth metal, findings of easily-accessible, high-grade coltan could be highly lucrative.