Currently, the company's annual production capacity is 150,000 tons, and it will invest about 5.0 billion dollars in the coming years to further expand this capacity. The current global demand for niobium is about 125,000 metric tons per year. Nevertheless, CBMM believes that there is significant potential for growth, especially in new and under-explored applications, including innovations implemented through CBMM's own research initiatives.
Mencarini spoke about recent developments involving vehicle manufacturers, where batteries using lithium-ion and niobium technologies have been tested.
Niobium ferroalloys remain one of the most valuable raw materials in the steel sector, thanks to CBMM. The product reached an average price of USD 27,650 per metric ton on FOB terms when exported in September.
