MARKET

Industrial Market Size

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Niobium Market Size: PR Newswire

Steel Market Size: Grand View Research

Lithium Market Size: Straits Research

Battery Market Size: Grand View Research

INTRODUCTION

What Is Niobium?

  • Niobium is an important metal with extreme hardness.
  • Listed as critical to the economy in North America & EU
  • Small amounts added to steel to strengthen it.
  • Less steel needed, called dematerialization.
Supply & Demand Risk

  • Concentrated supply: 90% of production from Brazil.
  • Concentrated demand: 80% of Niobium is used in construction & steel production.
  • Expected increase in demand due to niobium oxide battery technology.
Mineralogy Matters

  • Project is hosted by a Carbonatite, a very rare but ideal host rock.
  • Carbonatites have much higher probability of being a successful mine – 10x the average.
Details and Uses

Niobium

Niobium is a soft grey ductile metallic element that occurs in niobite and was formerly called columbium. Alloys containing niobium are used in the nuclear industry, jet engines and rockets, and oil and gas pipelines. This element also has superconducting properties.

Nuclear Industry

Jet & Rocket Engines

Gas Pipelines

WHAT IS A CARBONATITE?

How is it Formed?

  • Rich carbonate mineral makeup (>50%), appearing typically as intrusive plugs or in forms like dykes, sills, breccias, or veins
  • Enriched with elements like niobium, rare earth elements, phosphorus, tantalum, scandium, and titanium
  • Carbonatites are relatively rare in geology, with notable sites including Araxá, Bayan Obo, Mt. Weld, Mountain Pass, and Palabora
Economic Importance

  • Produce essential elements like niobium and rare earth elements, crucial for high-tech industries.
  • Carbonatite production drives economic development in energy, defense, and electronics sectors.
Carbonatite Locations Worldwide

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NIOBIUM DEMAND

Industrial Drivers

ENERGY

EV Batteries (fast charging, longer charges). Wind Turbines (longer life), Solar Panels (ultra-compact, highly-efficient)

10% OF DEMAND

EXPECTED GROWTH

MOBILITY

High-strength steel, lighter cars, press-hardened steels are stronger

10% OF DEMAND

EXPECTED GROWTH

CONSTRUCTION

Small addition of niobium reduces amount of total structural steel used (20%) in projects – thus, reduced cost

80% OF DEMAND

EXPECTED GROWTH

Global Niobium Supply

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Supply

  • Concentrated in one country (Brazil)
  • Supply risk
Demand

  • Driven by North America, Europe, Australia
  • Listed as critical mineral in high-growth countries
CRITICAL MINERAL RISK

Niobium Supply Risk

  • Critical mineral by both the EU & United States due to its essential role & limited supply sources.
  • Nearly 91% produced in Brazil
  • Niobec sold to Magris Resources for $500 million in 2015.

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