Top critical mineral miner CBMM sees opportunity in EV batteries

A Brazilian company focused on mining a metal used to strengthen alloys is betting that its mainstay product can also play a key role in improving electric vehicle batteries.

Cia. Brasileira de Metalurgia e Mineração is the world’s top producer of niobium, a critical mineral that’s only mined in Brazil and Canada. Niobium is mostly used to make alloys and stainless steels, and has a range of industrial applications including use in jet engines, skyscrapers and bridges.