Brazil exported 5,119 mt of niobium ferroalloys in January against 9,312 mt in December.
The exports in January were destined to Asia (3,945 mt, of which 3,050 mt at $24,362/mt to China), Europe (885 mt at $24,065/mt), the US (264 mt at $24,091/mt), and Canada (24 mt at $25,858/mt), all FOB conditions.
The exports were from CBMM, the world’s largest producing company (3,247 mt at $25,161/mt), and CMOC (1,321 mt at $23,853/mt), while 550 mt at $23,614/mt were exported from operations in the state of Amazonas.
The consumption of niobium alloyed steels by a country’s industry is considered as a proxy for its level of technology, as it is associated to aviation, medicine, electronics, and other advanced industrial sectors.