Aerospace Critical Minerals
Niobium, Scandium, and Titanium — critical and strategic minerals that NioCorp plans to produce in Nebraska — are all critical to a number of aerospace technologies and platforms. Virtually every commercial jetliner, and military aircraft, flying today utilizes alloys made with Niobium and Titanium. In fact, according to Niobium market leader CBMM, the most common jet engine in service today contains about 300 kilograms of niobium.
Helicopters, drones, satellites and a host of other aerospace technologies would not fly without one or more of these strategic metals.
When sufficient and reliable supplies of Scandium come online, that metal offers truly revolutionary benefits to aerospace, and to commercial aviation in particular. For example, an independent analysis by OnG Commodities LLC shows the following:
- Scandium-contained aluminum alloys can save airline operators approximately $9 million in net present value for a single B737-sized jetliner, assuming Scandium oxide pricing at $3,500/kg. This represents an 11:1 cost-savings ratio for the airlines, and assumes B737 flying 3,250 hours per year, using American Airlines’ cost of capital, U.S. Energy Information Agency (EIA) projections for future fuel price inflation, Scandium Trioxide (Sc2O3) at a price of $3,500/kg, and an average 0.7% by weight scandium doping level.
- For commercial aircraft manufacturers, AlSc alloys allow aluminum components to be welded instead of joined via hundreds of thousands of rivets per plane. For manufacturers, this could amount to tens of millions of dollars/year in lower materials costs and direct manufacturing costs and a higher manufacturing throughput. A 1% increase in annual production of a narrow body jet is worth approximately $500 million in added revenue to an commercial aircraft manufacturer.
Aerospace Applications That Utilize NioCorp’s Planned Products
Superalloy Blog Posts
The more we mine and manufacture our own critical minerals and materials, the more secure our collective economic and national security will be. But there is another compelling driver behind the resurgence of interest in critical minerals mining and manufacturing: high-tech jobs and economic growth for states and localities.
Environmental, social, and governance (ESG) factors play a major role in any business, particularly those involved in natural resource development. Doing right by the environment while we serve the needs of our customers, and serving our society’s need for critical minerals, are central to the mission of the NioCorp team.
The technology and market fundamentals of ferroniobium, a critical and strategic material vital to many defense and civilian applications, are increasingly compelling to producers, consumers, and government policymakers. The fundamentals of ferroniobium coalesce to form an exciting and robust future for this critical material.
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