World’s largest supplier of niobium products Brazilian CBMM plans USD 1.87 billion investments till 2030. The proceeds will be used for a new expansion cycle, which began in 2022. CBMM, an integrated producer whose operations range from mining to finished products, aims to expand sales from 85,000 tonne of niobium products in 2021 to 185,000 tonnes in 2030. The company will finance its investments with its own cash and overseas financingThe company is also looking to diversify its revenues, with 40% coming from products outside the steel sector by 2030. In addition to batteries, which are expected to represent 25% of revenue, products such as nano-electronic components and electronic car systems are targeted to account for a significant portion of revenues.In 2021, CBMM concluded the expansion of its Araxá unit in Minas Gerais state, increasing capacity from 100,000 tonne to 150,000 tonne of niobium products, more than current global demand. The company's total production last year was 99,710 tonne, of which 91,920 tonnes were ferroniobium and 7,790 tonne special products.
World’s largest supplier of niobium products Brazilian CBMM plans USD 1.87 billion investments till 2030. The proceeds will be used for a new expansion cycle, which began in 2022. CBMM, an integrated producer whose operations range from mining to finished products, aims to expand sales from 85,000 tonne of niobium products in 2021 to 185,000 tonnes in 2030. The company will finance its investments with its own cash and overseas financingThe company is also looking to diversify its revenues, with 40% coming from products outside the steel sector by 2030. In addition to batteries, which are expected to represent 25% of revenue, products such as nano-electronic components and electronic car systems are targeted to account for a significant portion of revenues.In 2021, CBMM concluded the expansion of its Araxá unit in Minas Gerais state, increasing capacity from 100,000 tonne to 150,000 tonne of niobium products, more than current global demand. The company's total production last year was 99,710 tonne, of which 91,920 tonnes were ferroniobium and 7,790 tonne special products.
