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Gold/Mining/Energy : SRSR - Sarissa Resources Inc.

SRSR 0.00

Nov 10 4:00 PM EST

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To: jmhollen who wrote (2)	1/9/2009 10:36:25 AM
From: Aloysius Q. Finnegan	of 132

Interesting stuff this niobium: << Because niobium represents such a small part of the cost of the steel in which it is an ingredient, the price is driven by demand, rather than by any cost-containment on the part of steelmakers. “And the demand for the specialty steels is especially keen, and forecast to continue to be keen going forward,” said Stothart. As an example of the valuable qualities of the metal, every $4 of niobium used in the manufacture of a mid-sized vehicle would allow a saving of about 100 kg of weight in steel, because of the properties of the ferroniobium steel. This, in turn, would translate into fuel savings of half a litre per 100 km on a mid-sized car, he said. “We certainly feel very comfortable about how the niobium market looks going forward.” >> miningweekly.com.

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