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Niobium

Niobium is an element which, when added to steel, makes it stronger, lighter in weight, and highly resistant to corrosion.  These steels are known as High Strength, Low Alloy steels (HSLA).  Niobium is added to steel in the form of Ferroniobium, which is a mixture of 65% niobium and 35% iron.  Ferroniobium represents over 90% of world niobium production. For many applications, such as super alloys and oil and gas pipelines steels, there are no effective substitutes for niobium.

 

About Niobium

Name

Niobium

Atomic Number

41

Element Classification 

Metal

Phase at Room Temp.

Solid

Melting Point

2750 K (2477°C or 4491°F)

Boiling Point

5017 K (4744°C or 8571°F)

Density

8.57 grams per cubic centimeter


To learn more about the element Niobium, please see the Royal Society of Chemistry’s Niobium page here.

Powerful Steel Strengthener

Niobium strengthens steel, which allows for lighter structures and vehicles.  It also makes steel more corrosion resistant.

Vital to Multiple Markets

Niobium is vital to applications in many markets, including aerospace, construction, transportation, oil & gas, superalloys and others.

Growing Market Demand

Demand for Niobium implies a global market value of $2B–$3B, with Compound Annual Growth Rates in the 4-6% range.

Ferroniobium’s Use in Global Markets

Current Ferroniobium Production

Recent Trends in Steel Alloy Markets

  • Recently strengthened rebar standards in China are raising Chinese consumption of vanadium and niobium. Western and Chinese steel producers are shifting some melts towards niobium.
  • These standards, and other factors, have helped to drive up pricing for both of these high-strength steel additives.
  • Chinese utilization of Ferroniobium (FeNb) in HSLA steel was 22g of Niobium per tonne in 2017. That compares to 130g/t in the EU, and a 55g/t global average.
  • China’s increased access to FeNb, via China Molybdenum’s purchase of Anglo-American’s Brazilian and their 15% equity stake in CBMM, is expected to continue to increase utilization of FeNb in China’s steel sector.
  • Brazilian FeNb exports grew 9.8% to 76,044 tonnes in the first 3 quarters of 2018.
  • U.S. imports of FeNb grew 24% to 9,510 tonnes in the first 3 quarters of 2018.

Bloomberg Story:  "First-Ever U.S. Mining of Rare Metals Could Come From Nebraska"

Read this article from Bloomberg's BNS News Service, written by environment and energy reporter Stephen Lee, about NioCorp's proposed Elk Creek Superalloy Materials Project and its potential to initiate production in the U.S. of niobium and scandium.

See NioCorp's Latest Corporate Presentation

 

See this latest corporate presentation from NioCorp about the company and its unique Elk Creek Superalloy Materials Project.  Included in this presentation are links to interesting and informative videos about the Elk Creek Project.

Recent Videos

NioCorp CEO and Executive Chair Mark Smith explains the significance of NioCorp's recent Scandium sales contract with Traxys.

Scandium Sale to Traxys

NioCorp CEO and Executive Chair Mark Smith explains the significance of NioCorp's recent Scandium sales contract with Traxys.

Elk Creek Virtual Tour

See a video that explains the power of superalloys and how NioCorp intends to produce three superalloy metals its its Elk Creek Project.

Critical Minerals

NioCorp's planned products have all been designated as "Critical Minerals" by the U.S. Government.  Mark Smith explains the significance.

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