Why Everyone Wants to Buy Niobium

Why Everyone Wants to Buy Niobium

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Business

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Hard

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Niobium is a metal used to produce stronger, lighter steel for industrial applications. Its market, valued at $4 billion, is controlled by a few companies, with CBMM in Brazil producing over 80% of the world's supply. The market is illiquid, making pricing difficult. Niobium's demand is rising due to its ability to enhance steel properties, making it valuable in high-tech applications. Despite its importance, niobium remains relatively unknown, even among industry experts. The market is poised for potential mergers and acquisitions as companies seek to capitalize on its growing appeal.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who first discovered niobium and in what year?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What percentage of the world's niobium is produced by CBMM?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is it difficult to price niobium in the market?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is niobium used for in the steel industry?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some high-tech uses for steel that require niobium?

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