The Prospector News

CPM Group – “Time To Take Notice Of Niobium”

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

CPM Group – “Time To Take Notice Of Niobium”

 

 

 

 

 

Niobium is a rarely used metal, with annual consumption amounting to perhaps 75,000 mt, most of it in steelmaking. Its pricing is also remarkably stable compared to practically any other metal one can think of. So why the sudden flurry of interest?

 

To start with, it is worth visiting the existing industry structure. By far the leading actor in niobium is CBMM, operator of the Araxá mine in Brazil. Next is the Catalão mine, reasonably close to Araxá and currently owned by China Molybdenum (previously owned by Anglo American). Third place goes to the Niobec Mine in Québec, Canada, an asset of Magris Performance Minerals. And fourth is Mineração Taboca, part of the Peruvian Minsur group (although reportedly currently for sale according to sources in London), which recovers niobium as a by-product of tin mining in the Brazilian Amazon.

Besides these four mines, artisanal mining (mainly in Nigeria and Brazil) is an important although modest source of niobium. So, at first blush, one could understand the appeal of niobium purely from the perspective of market structure.\

 

The demand side adds some spice. As mentioned above, at present the main application for niobium (as ferroniobium) is in steelmaking, where the addition of a fraction of a percent by weight of niobium can (very roughly) double the strength of steel. Steel accounts for close to 90% of niobium demand but the market is relatively mature

 

However, there are numerous smaller markets, all faster growing . . .

 

Click Here To Read The Full Article

 

Posted October 3, 2024

Share this news article

MORE or "UNCATEGORIZED"


PTX Metals Inc. Announces Second Closing of Private Placement

PTX Metals Inc. (TSX-V: PTX) is pleased to announce the closing of the second tranche (with an addit... READ MORE

October 2, 2025

Lion One Produces 5,704 Tonnes at 10.60 g/t Gold from First Shrinkage Stope at Tuvatu and Increases Underground Development Rates by 70%

Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) is pleased to provide an update on mining opera... READ MORE

October 2, 2025

ESGold Secures C$9 Million Strategic Partnership with Ocean Partners as Montauban Progress Accelerates

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is pleased to announce it has entered into a bind... READ MORE

October 2, 2025

Erdene Announces Updated Resource for the Zuun Mod Molybdenum-Copper Deposit

Erdene Resource Development Corp. (TSX:ERD) (MSE:ERDN) (OTCQB:ERDCD) is pleased to announce a... READ MORE

October 2, 2025

Copper Giant Achieves Up To 92% Copper And 97% Molybdenum Recoveries In Latest Metallurgical Testwork At Mocoa

Copper Giant Resources Corp. (TSX-V: CGNT) (OTCQB: LBCMF) (FRA: 29H0) announces results from i... READ MORE

October 2, 2025

Copyright 2025 The Prospector News