Future Scenario for Niobium

Economic prospects for the niobium market are extremely promising. Global demand for niobium is
projected to increase significantly by 2030, driven primarily by aerospace, automotive, and renewable
energy industries.

The market's compound annual growth rate (CAGR) is estimated at over 8%

Reflecting the importance of this metal in emerging applications, such as electric vehicle batteries and advanced energy storage systems, reinforcing its role as a strategic resource for global technological innovation and economic sustainability.