Kemet Corp and tantalum processor Cabot Corp have agreed to extend the terms of a tantalum supply agreement, thereby ending a dispute between the two companies. A Cabot spokesman said the new contract signified a willingness by both sides to work together. The extended agreement calls for reduced prices and higher volumes through 2006 for both tantalum powder and tantalum wire products. The minimum total commitment of the contract is approximately 121m dollars, with Cabot having the option to sell additional products to Kemet on certain conditions throughout the term. Kemet said it would receive approximately 32.5m dollars worth of material in 2002. As a result of the new agreement, Cabot and Kemet have settled all claims in previous litigation regarding the original supply agreement.
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