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NioCorp Developments ( (NB) ) has shared an announcement.
NioCorp Developments Ltd. and IBC Advanced Alloys have successfully cast a 0.2% aluminum-scandium alloy, marking a significant step towards expanding scandium applications in industries such as aerospace, automotive, electronics, and defense. This development, validated by independent testing, positions both companies to advance their joint efforts in creating a domestic scandium supply chain, addressing the global scarcity of scandium and its limited adoption due to supply constraints, particularly from China.
The most recent analyst rating on (NB) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.
More about NioCorp Developments
NioCorp Developments Ltd. is a U.S.-based critical minerals developer focused on producing niobium, scandium, and titanium through its Elk Creek Project in Southeast Nebraska. The company is also exploring the potential to produce several rare earth elements, aiming to establish a reliable domestic supply chain for these critical materials.
Average Trading Volume: 7,580,419
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.09B
For a thorough assessment of NB stock, go to TipRanks’ Stock Analysis page.