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CBMM Has Plans to Increase Sales of Niobium Products and With That, the Company Aims to Diversify the Market, Moving into the Automotive Sector in the Electric Car Battery Segment
CBMM, a Brazilian company based and controlled in the country, sells industrialized niobium products worldwide. The company has invested between R$ 150 million and R$ 200 million a year in research and innovation in the use of the metal. CBMM has plans to increase niobium sales and thereby opens new strategies to attract various sectors, such as the automotive, in the electric car battery segment.
Plan to Double Niobium Sales from CBMM
By 2030, with the increase in the number of niobium products, CBMM needs to diversify the sales market and with that, invests between R$ 150 million and R$ 200 million a year in research and innovation in metals. According to the company’s estimates, in ten years the amount of niobium used outside traditional uses in steelmaking will represent 35% of total sales.
Among the main bets outside the core business is in the automotive sector, in the plan for batteries for electric cars. However, the largest share of research and innovation investments still comes from the steel industry, which plans to receive R$ 100 million in 2021.
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Rodrigo Amado, executive manager of Strategy and New Businesses at CBMM, says that “Our core continues to be a major source of growth for the next five to ten years. The whole world wants niobium to have lighter, high-strength steel.”
Investment in Electric Car Batteries
Another area of research and development in the steel industry is the automotive sector, focusing on battery plans. The company estimates that in ten years, the electric car battery business will represent a significant share (approximately 25%) of niobium sales outside the steel industry.
The executive manager says they are negotiating with international start-ups that could accelerate the development of this field. According to Rodrigo, batteries are far from being the only application of niobium in the automotive sector, which he says can also be used in chargers, brake systems, some wheels, and the car’s own design. With the use of niobium in parts and components, the car becomes lighter and more efficient, Amado concludes.
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