Niobec Revenue and Competitors

Located in St-Honoré, 13 km north of Saguenay City, Niobec Mine has been producing niobium since 1976. Acquired by Magris Resources in January 2015, Niobec is still the only underground niobium mine, and one of only three producers on the world stage. The mine supplies about 8-10% of world use. Niobium is a metal that is initially processed into ferroniobium, and then used not only to increase the strength of steel, but also lower its weight. Niobec’s ferroniobium is used in large-scale steel mills and foundries, and destined to the automotive, aeronautical and petrochemical industries, as well as pipeline, bridge, and architectural structures. Certified ISO 14 001 : 2004 and ISO 9001 : 2008, Niobec operations are based on reliable, efficient environmental protection and quality assurance management systems. The company attaches great value to community and environmental issues, and is committed to reducing its environmental footprint and developing partnerships with host communities.