Niobium Market Update
Globe Metals & Mining ("Globe" or "the Company"; ASX: GBE) is pleased to provide an update on the niobium market.
Highlights
- Ferro-niobium (FeNb) price stable at US$44-45/kg (Nb metal contained)
- Globe's financial forecasts based upon a FeNb price of US$44/kg
- Long term price forecast of US$45/kg
- Strong annual FeNb growth forecast of 10%+, substantially higher in China
- Expected annual production from Kanyika will comprise only 6 months of market growth at current levels and ~5% of market share
- Corporate activity in niobium market reflects positive market outlook
- Strong cash position of A$45.1m = 20.2 cents per share
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