Market report specialist Technavio has announced the top five leading vendors for the global niobium market from 2016-2020 in its latest research report.

‘Globally, the steel industry consumes a considerable amount of niobium,’ said Chandrakumar Badala Jaganathan, one of Technavio’s lead analysts for metals and minerals. ‘Niobium increases the toughness, strength, and weldability of steel products. Among flat steel products, it is used in the production of hot-rolled and cold-rolled steel strips and high-strength steel plates. Among long steel products, it is used for strengthening wire rods, reinforcing bars, structural sections, and rail steels. Therefore, the steel market has a significant impact on the demand for niobium.’

The top five leading vendors in the global niobium market are:

Advanced Metallurgical Group (AMG) which was founded in 2006 and is headquartered in Amsterdam, the Netherlands. The company produces engineered specialty metals and mineral products.

AMG functions globally with manufacturing facilities in Germany, the UK, France, the Czech Republic, the US, China, Mexico, Brazil, and Sri Lanka, and has sales and customer service offices in Russia and Japan.

Anglo American, which is headquartered in London, UK and was established in 1917. The company has mining operations in Southern Africa, North and South America, and Australia. In FY2015, the company recorded a revenue of US$23 billion and had more than 128,000 employees globally.

CBMM (Companhia Brasileira de Metalurgia e Mineração), a privately held Brazilian company founded in 1955 and is headquartered in Araxá, Minas Gerais, Brazil, which is the site of a large niobium ore reserve. The company emphasizes on expanding the use of niobium technology, and transforming minerals into products that cater to specialized industrial.

Magris Resources, a private equity firm specialized in mining and is based in Toronto, Ontario, Canada. The company also invests in infrastructure and in the metals and mining sector, with a focus on assets located within North America. In January 2015, IAMGOLD sold its Niobec niobium mine in Quebec, Canada to Margis Resources to focus on its core gold mining business.

Global Advanced Metals, which was established in 2010 and is headquartered in West Perth, Western Australia, Australia. It is a fully integrated supplier of tantalum products, providing tantalum metallurgical products and tantalum powder for high-performance capacitors. These products find application in the electronics, aerospace, chemicals, and automotive industries.

This story is reprinted from material from Technavio, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.