A source from a major slab producer in Brazil told SteelOrbis that he is paying BRL 65,000/mt ($18,841/mt) CFR, full taxes conditions, for niobium ferroalloys supplied by CBMM, the world’s largest niobium producer.
The price is stable in BRL for the last month, although compares to $18,062/mt one month ago, due to exchange rate variations.
In March, CBMM exported the product at $20,979/mt, while the local arm of Anglo American exported it at $21,570/mt, both FOB conditions.
1 USD = BRL 3.46 (April 29)