The mineral exists in the soil of several countries, but 98% of the known reserves in the world are in Brazil. The country currently accounts for more than 90% of the volume of metal marketed on the planet, followed by Canada and Australia. In the country, reserves are in the order of 842,460,000 tons and the largest deposits are in the states of Minas Gerais (75% of the total), Amazonas (21%) and Goiás (3%). According to the National Mining Plan 2030 report, Brazil currently exploits 55 mineral substances, accounting for more than 4% of global production, and is the world leader in niobium production alone. In the case of iron and manganese, for example, where the country also occupies a prominent position, the share of global production does not exceed 20%. Such a competitive advantage over niobium arouses covetousness and concern on the part of large steelmakers and larger economic powers, which usually include niobium in lists of metals with critical or threatened supply.

Price 1 kilos Niobium $40,00 2019

2021 Price Niobium $200.00

Moreira Salles

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