Steelmaking giant inks Brazilian niobium MOU with St George

Steelmaking giant inks Brazilian niobium MOU with St George

St George Mining has inked an MoU with one of the world’s largest steelmakers for a potential deal to supply 20pc of future niobium production from its Brazilian REE project in exchange for funding support.

Australian St. George Mining Set to Transform Niobium Market in Brazil

St. George Mining has made a significant move in the global niobium market by acquiring the high-grade Araxá Niobium-REE Project in Brazil. This project lies adjacent to CBMM’s operations, which produce about 80% of the world’s niobium. The acquisition marks a pivotal moment for St. George, positioning it as a key player in this critical […]

St George signs MOU with big steelmaker

St George Mining’s push to further de-risk its desired Araxá niobium-rare earth elements project in Brazil has received another boost.

St George Mining signs up steel giant for potential niobium offtake, development of Araxá

St George Mining signs up Chinese steelmaker Liaoning Fangda for potential development of Araxá niobium-rare earth project MoU covers potential offtake for at least 20% of niobium and funding support for the project Fangda, a fast growing global steelmaker, will also provide technical advice for mine development and construction as it expands its production capacity   Special Report: St George Mining’s high-grade Araxá niobium-rare earth project…

China increased its imports of ferroniobium from Brazil by 13% - the main product made from niobium. The Brazilian industry is hegemonic in this sector. Even so, there was no increase in the average price per ton, as shown by official figures. Also read: “Niobium is ours”, an article by Artur Piva for Issue 119 of Oeste Magazine In total, the Chinese imported 41.4 thousand tons of Brazilian ferroniobium in 2024. This is an increase of almost 5 t…

St. George intends to extract 5,000 tons of niobium starting in 2027 in the mining city of Araxá, where the CBMM facilities are also located, a reference in the extraction of the mineral