Brazil's CBMM expects niobium for batteries to make 25% of revenues by 2030

The use of niobium as an additive in battery manufacturing could expand to provide as much as one-quarter of the revenues at leading global producer Companhia Brasileira de Metalurgia e Mineração (CBMM) by 2030.

This forecast was made by the company’s executive manager for battery products, Rogério Ribas, in an interview with Fastmarkets on Tuesday August 22.

The Brazil-based company is investing $80...