Niobium is used in Car Manufacturing to save weight saving around 200kg on the average vehicle.
This translates to Better Handling,
More Fuel / Energy Efficient and
Safer Vehicles.
It is also used in rebar which China has recently made higher standards for,
Which means more Niobium will be used there too.
There are heaps more uses from use as an additive to high strength low alloy steel and stainless steel,
for oil and gas pipelines, car and truck bodies, architectural requirements, tool steels, ships hulls,
railroad tracks.
It is also used in Super Alloys such as Spaceship and Airplane engines etc,
MRI machines,
As a Super-Conductor,
MRI machines, and much more.
Another use is for Super Fast Charging EV Batteries.
This area in particular should see a massive increase in demand.
EV Buyers are very likely to choose the fast charging option,
So most if not all EV Manufacturers will likely need to use it to keep up with the competition,
Or their vehicles will not keep up with the Fast Charging demands of EV Buyers,
Who will simply choose the vehicle manufacturer that does offer Super Fast Charging.
Looking forward to all the newsflow due Imminently,
Such as:
Pulp Sample Assays,
Further Rock Chip Assays,
Bulk Sampling / Trenching and Drilling Approval,
Magnetic and LIDAR Surveys etc. all expected this Month !!!!
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