Since 2019, demand for Niobium oxide – up more than 500% to meet increasing demand for new applications in cathodes of batteries for electric cars.
“Niobium is used as a doping or coating to increase thermal and structural stability in cathode active materials. They have chemistries with high nickel or high manganese and low cobalt content, and those completely free of nickel and cobalt, improving performance, safety and durability of batteries.”
—Dr Robson Monteiro, senior market development specialist at CBMM