Niobium is an important strategic metal, and the main consumption areas are low-alloy high-strength structural steel, automotive steel, high construction steel, bridge steel, petroleum steel, and amorphous magnet material fields.

In 2025, ferronibium averaged 48.68 USD/kg Nb, up 4.78% year-on-year. Supply remained stable in long-term, but periodic supplier cutbacks constrained spot liquidity. In the second half year, a mine strike tightened conditions versus the first half year, pushing spot prices of ferroniobium higher despite no fundamental shift. Steel demand remained steady, supporting offtake under long-term contracts.