A source from a slab producer in Brazil told SteelOrbis that his last acquisition of niobium ferroalloys was closed at BRL 65,000mt ($20,100/mt), CFR, full taxes conditions for the product in small ingots, the same price in BRL since May, although increased in $ terms due to exchange rate variations.
The source mentioned that a higher price is expected for negotiations in September.
In July, CBMM, the world’s largest producer, exported 6,200 mt of niobium ferroalloys at $20,127/mt, while the Brazilian arm of Anglo American exported 1,000 mt of the product at $20,266/mt, both FOB conditions.
1 USD = BRL 3.21 (August 19)