Oriental Tantalum Industry Research Report, May 12, 2026

1. Electronics and Information Sector Sunlord Electronics: Domestic leader in chip-type inductors and tantalum capacitors. Tantalum accounts for approximately 4% of its total revenue; annual procurement volume: 20 tons. Hongda Electronics: Core military-grade tantalum capacitor manufacturer. Tantalum accounts for approximately 4.5% of its total revenue; annual procurement volume: 25 tons. 2. Semiconductor Sector SMIC (Semiconductor Manufacturing International Corporation): Core supplier of tantalum sputtering targets (used as diffusion barrier layers in chips). Yangtze Memory Technologies (YMTC): Part of the 3D NAND flash memory supply chain. Tantalum is categorized as a 'thin-film material consumable' in wafer fabrication, with an extremely low cost share—approximately 0.2%–0.5%. 3. Aerospace & Defense China Aerospace Science and Industry Corporation (CASIC); domestic aero-engine manufacturers (tantalum used as a high-temperature alloy additive). 4. Major Scientific Engineering Projects ITER (International Thermonuclear Experimental Reactor): Niobium superconducting materials; Shanghai Synchrotron Radiation Facility and China Spallation Neutron Source: Niobium superconducting cavities. III. Customer Structure (2025 Annual Report) Top five customers: Sales revenue of RMB 660 million, accounting for 42.76% of total revenue. Geographic distribution: Domestic market share 68.16%; overseas market share 31.84%. IV. Downstream Application Breakdown Electronics & Information (48%): Consumer electronics, automotive electronics, 5G infrastructure, AI servers. Aerospace/Defense (20%): Aero-engines, aerospace equipment. Semiconductors (15%): Tantalum sputtering targets for chips. Superconductivity / New Energy (15%): Nuclear fusion, medical MRI systems, corrosion-resistant chemical equipment. V. Oriental Tantalum Industry’s core competitors fall clearly into two groups: the international ‘Big Three’ and key domestic players—reflecting a global landscape dominated by three global giants, supplemented by strong regional competitors. International Top-Tier Competitors (Global First Tier) 5.1 Cabot Corporation (NYSE: CBT) Position: Undisputed global leader in tantalum powder, especially dominant in high-end markets. Advantages: World-leading technology in high-capacitance, ultra-high-purity tantalum powder for military, aerospace, and automotive-grade applications. Deep strategic partnerships with top-tier capacitor manufacturers such as Vishay and KEMET—resulting in exceptionally high customer stickiness. Market share: ~30%–35% of global capacitor-grade tantalum powder market—the strongest rival to Oriental Tantalum Industry. Cabot Corporation (NYSE: CBT) is a global leader in specialty chemicals and high-performance materials. Core products include carbon black, conductive additives, fumed silica, and aerogels. Its primary B2B manufacturing customers are concentrated in four major sectors: tires & rubber, electric vehicle batteries, industrial plastics, and inks & coatings. 5.2 Key Customer Segments (by Industry) 1. Tire & Rubber Manufacturing (largest customer segment, ~45%–50% of revenue) Cabot is the world’s premier supplier of reinforcing carbon black for tires, serving all leading global tire manufacturers: • Michelin • Bridgestone — long-term core customer; in February 2026, Cabot acquired Bridgestone’s carbon black plant in Mexico to deepen collaboration. • Goodyear • Continental • Sumitomo Rubber

China Black Pigments Market Survey Outlook and In-Depth Investment Trend Forecast Report (2026 Strategic Edition)

4.2.3 Global Major Manufacturers’ Black Pigment Sales Prices (2022–2026) 4.2.4 Global Major Producers’ Black Pigment Revenue Ranking (2026) 4.3 China’s Major Manufacturers’ Black Pigment Sales Volumes (2022–2026) 4.3.1 China’s Major Manufacturers’ Black Pigment Sales Volumes (2022–2026) 4.3.2 China’s Major Manufacturers’ Black Pigment Revenue (2022–2026) 4.3.3 China’s Major Producers’ Black Pigment Revenue Ranking (2026) 4.3.4 China’s Major Manufacturers’ Black Pigment Sales Prices (2022–2026) 4.4 Global Major Manufacturers’ Headquarters and Production Site Distribution 4.5 Founding Years and Commercialization Dates of Black Pigment Products for Global Major Manufacturers 4.6 Product Types and Applications of Black Pigments Offered by Global Major Manufacturers 4.7 Industry Concentration and Competitive Intensity Analysis 4.7.1 Industry Concentration Analysis: Market Share of Global Top 5 Producers (2026) 4.7.2 Global Black Pigment Producers—First-Tier, Second-Tier, and Third-Tier (by Brand) and Their Respective Market Shares 4.8 New Investments and M&A Activities 5 Analysis of Global Major Producers 5.1 Orion Engineered Carbons 5.1.1 Orion Engineered Carbons: Basic Information, Black Pigment Production Bases, Sales Regions, Competitors, and Market Position 5.1.2 Orion Engineered Carbons: Black Pigment Product Specifications, Technical Parameters, and Market Applications 5.1.3 Orion Engineered Carbons: Black Pigment Sales Volume, Revenue, Pricing, and Gross Margin (2022–2026) 5.1.4 Orion Engineered Carbons: Company Profile and Core Business Lines 5.1.5 Orion Engineered Carbons: Latest Corporate Developments 5.2 Cabot 5.2.1 Cabot: Basic Information, Black Pigment Production Bases, Sales Regions, Competitors, and Market Position 5.2.2 Cabot: Black Pigment Product Specifications, Technical Parameters, and Market Applications 5.2.3 Cabot: Black Pigment Sales Volume, Revenue, Pricing, and Gross Margin (2022–2026) 5.2.4 Cabot: Company Profile and Core Business Lines 5.2.5 Cabot: Latest Corporate Developments 5.3 Birla Carbon 5.3.1 Birla Carbon: Basic Information, Black Pigment Production Bases, Sales Regions, Competitors, and Market Position 5.3.2 Birla Carbon: Black Pigment Product Specifications, Technical Parameters, and Market Applications 5.3.3 Birla Carbon: Black Pigment Sales Volume, Revenue, Pricing, and Gross Margin (2022–2026) 5.3.4 Birla Carbon: Company Profile and Core Business Lines 5.3.5 Birla Carbon: Latest Corporate Developments 5.4 Mitsubishi Chemical Carbon Black 5.4.1 Mitsubishi Chemical Carbon Black: Basic Information, Black Pigment Production Bases, Sales Regions, Competitors, and Market Position 5.4.2 Mitsubishi Chemical Carbon Black: Black Pigment Product Specifications, Technical Parameters, and Market Applications 5.4.3 Mitsubishi Chemical Carbon Black: Black Pigment Sales Volume, Revenue, Pricing, and Gross Margin (2022–2026)

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