Niobium Beyond the Horizon: The Battery Market for Electric Cars Will Be Important for CBMM, Along with Other Sectors of the Automotive and Technology Fields

Written by Roberta Souza

Published on 06/04/2021 at 12:37

Nióbio/ Fonte: Revista Pesquisa Fapesp

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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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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.

Niobium Beyond the Horizon: The Battery Market for Electric Cars Will Be Important for CBMM, Along with Other Sectors of the Automotive and Technology Fields

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

Plan to Double Niobium Sales from CBMM

Investment in Electric Car Batteries

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Niobium Beyond the Horizon: The Battery Market for Electric Cars Will Be Important for CBMM, Along with Other Sectors of the Automotive and Technology Fields

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

Plan to Double Niobium Sales from CBMM

Investment in Electric Car Batteries

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