Hello. One producer dominates the niobium market. They produce 90,000 tonnes per annum, make US$600M per year in profit and they have just increased their production capacity to 150,000 tonnes per annum, which remains around 50% greater than current world demand. Their deposit has a resource of residual ore up to 250 m thick, totalling ~450 Mt @ 2.5 % Nb2O5, although drilling in 2001 revealed additional zones with 4.6 to 7 % Nb2O5
RR1 Price at posting:
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