Leading global supplier of niobiuma CBMM plans to invest US$80 million to reach a production capacity of 3,000 tons per year of niobium oxide by 2024 –for applications in the high-power battery segment–, against 500 tons currently, the company informed the Reuters🇧🇷
Production is aimed at applications in the lithium-ion battery segment in high-power, long-lasting, safe and ultra-fast charging technologies, the company said, amid global efforts to advance electrification to reduce emissions.
Part of the investment will be allocated to the construction of a new facility in Araxá, Minas Geraiswith capacity to produce 2 thousand tons per year of niobium oxide from 2024, foreseen in partnership between CBMM and Echion Technologies.
The new unit, according to CBMM, will have the capacity to supply material equivalent to 1GWh of battery cell production, positioning Echion as the first in the market to guarantee the commercial supply of battery anode oxides based on niobium.
“In 2021, CBMM invested in Echion through our New Business area, and this new partnership is in line with the company’s strategic growth plan, which has the Battery Program as one of the pillars for business diversification following the global megatrend of electrification”, said in a note the Head of Battery Products at CBMM, Rogério Ribas.
“We are proud with the validation of niobium technology as a solution to the challenges posed by this industry and because we are taking another step in the supply chain, getting closer to the moment when we will have large-scale products available on the market.”
The approval of the investment is in line with CBMM’s strategic growth plan, which foresees reaching, in 2030, the capacity to produce 40 thousand tons of niobium oxide and 25% of its revenue coming from non-steel products.
In a statement, the CEO of Echion said that the agreement represents “the next step in our long-standing relationship with CBMM and will allow us to meet the enormous global demand for our fast charging, cost-effective and safe battery anode materials”.
Source: Moneytimes
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