China claims to have discovered a vast trove of "niobobaotite," a never-before-seen ore that may have incredible superconductive promise., the rare Earth deposit comprises niobium, barium, titanium, iron, and chloride. Noibium, a soft and ductile transition metal, is a critical component of steel as well as a lauded superconductor able to transmit electrical currents at low temperatures.
If the niobium within the newly-discovered niobobaotiteis indeed high-quality, this could mean that the world's largest importer of niobium might suddenly become the world's largest reservoir of the compound — likely tipping the scales in the global marketplace at a critical juncture in the world's ongoing battery race.
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