Niobium is estimated to be the 34th most common element in the earth’s crust. The world’s largest deposits are located in Brazil and Canada. The main market for Ferro Niobium (over 80%) is in high-strength-low-alloy (HSLA) steel. This makes it the number one alloying agent used for HSLA steel.
One of the primary benefits of adding Ferro Niobium to an alloy is in its anti-corrosive properties. It also makes the alloy stronger and lighter in weight. The main uses for Ferro Niobium are in construction 45%, automobiles 23% and in oil & gas pipelines 16%.
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Source: Palisade Research
