CBMM invests in British startup to accelerate business in electric batteries
With this investment, the British company will expand the production of these new materials, which have already been evaluated and approved by the main battery cell suppliers in the world, increasing its capacity to meet the rising demand for pre-production tests. The resources will be allocated to strengthen customer support and commercial and P&D operations.
CBMM believes that the electric battery market will develop significantly in the next few years. Currently, the company has over 40 projects with universities, research centers and companies all over the world, aimed at the application of new niobium technologies for this segment. “This year alone, we will invest £8.27 million in our Battery Program, an increase of around 60 percent against £5.1 million allocated in 2020. We want to increase the role of niobium in this sector,” highlights Amado.
In addition, CBMM has invested £1.9 million in a new pilot plant for the development of niobium technologies for electric batteries. The plant will be inaugurated this year and will be part of the Company’s industrial complex, located in Araxá, in the State of Minas Gerais.