Brazilian niobium producer CBMM invests in U.S. startup to develop batteries
2021-10-25 09:56:38 [Print]
The Brazilian Metallurgy and Mining Company (CBMM), responsible for about 80% of the world's niobium production, announced Friday (22) that it bought a 20% stake in U.S. startup Battery Streak as part of an agreement to develop battery materials.
"With the investment, the company expects to boost the development of new technologies and materials with niobium for the production of batteries for mobility applications, electronic equipment, and drones," the mining company explained in a statement.
"With the investment, the company expects to boost the development of new technologies and materials with niobium for the production of batteries for mobility applications, electronic equipment, and drones," the mining company explained in a statement.
Niobium Conc. Nb2O5 50%min, Ta2O5 5%min, CIF China
Unit:USD/lb Oxides
China niobium oxide producers' suspension number statistics by province by month
Unit: pcs
