Value Investing World

Wednesday, February 27, 2013

A tantalising prospect

Exotic but useful metals such as tantalum and titanium are about to become cheap and plentiful

ALUMINIUM was once more costly than gold. Napoleon III, emperor of France, reserved cutlery made from it for his most favoured guests, and the Washington monument, in America’s capital, was capped with it not because the builders were cheapskates but because they wanted to show off. How times change. And in aluminium’s case they changed because, in the late 1880s, Charles Hall and Paul Héroult worked out how to separate the stuff from its oxide using electricity rather than chemical reducing agents. Now, the founders of Metalysis, a small British firm, hope to do much the same with tantalum, titanium and a host of other recherché and expensive metallic elements including neodymium, tungsten and vanadium.

The effect could be profound.

Joe at 2/27/2013
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