Niobium
CBMM sized the AI bet at R$13 billion. Two billion of it is already in the ground.
Brazil produces 93 percent of the world's niobium and CBMM is the reason. The company has now put a six-year capital number on the oxide lines it says can serve AI data centers, and the 2026 tranche alone runs 82 percent above last year's.
Two AI data center battery deals in six months. Both end at CBMM in Araxá.
Skeleton's Varkaus factory opened with CBMM oxide inside. Six months later, Nyobolt's $1 billion Series C had CBMM in the round. Brazil's niobium has an AI customer.