CBMM: New Niobium Markets Target Economic Recovery Through Technology With Applications in Electric Vehicles and Research

The Production of Structures for Electric and Competitive Vehicles, Partnerships with Universities and Research Fields Are the New Investment Strategies in Niobium from the Largest Supplier of Products with This Metal.

The sectors involving niobium shrank by about 20% in sales and production at the beginning of the pandemic. However, by the end of 2020 and beginning of 2021, there was a significant recovery registered in Brazil. With the new niobium markets, the possibilities are only expected to expand.

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Thus, the new niobium markets should contribute to the recovery of both the direct and indirect economy of the production sector, generating jobs and new possibilities for production and technology.

In other words, the demand for niobium products is in a recovery phase amidst the challenges that still need to be overcome regarding the Covid-19 pandemic. The expectation is to expand production to 225,000 tons per year. This would meet 100% of the Brazilian market, according to the company CBMM.

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Investment in Technology Research with Niobium Aims for the Future

According to the industrial director of CBMM, Rogério Contato, around R$150 to R$200 million were invested in technology research and development during the period corresponding to the pandemic. The sectors involved have already absorbed this recovery worldwide.

The capacity has been raised to 150,000 tons per year. Therefore, it is now believed in new niobium markets, based on technology and research programs.

The technology in the SUV models of electric vehicles, in the composition of the structures among the new niobium markets, as mentioned at the beginning, brings positive results in terms of mobility with sustainability. A totally innovative production sector in technology.

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Research Partnerships Are One of the Strategies for Expanding New Niobium Markets

More than 200 projects covering sectors such as gyms, universities, technology centers, and clients in Brazil and worldwide are being managed by CBMM.

According to CBMM’s industrial director, Rogério Contato, the involved collaborators have all the necessary expertise for the application and expansion of businesses in new niobium markets.

“The team is trained and not only knows niobium or its production processes; they know where it will be applied. They are specialists in the automotive, industrial, oil and gas, and battery and space application sectors,” commented Contato in an interview with Jornal O Estado de Minas.

The city of Araxá, in the Triângulo Mineiro, is home to the largest operational niobium reserve on the planet. According to Contato, CBMM has completed an expansion cycle that resulted in about 4,000 new jobs, of which two out of three people are from that region.