Competition in the international niobium market: A residual demand approach

Jáilison W. Silveira and Marcelo Resende

Resources Policy, 2020, vol. 65, issue C

Abstract: Niobium is a highly strategic mineral, of which Brazil holds almost all the world's reserves, followed by Canada. This study investigates the prevailing market power for niobium at the country level by using the residual demand approach suggested by Goldberg and Knetter (1999). The empirical evidence on the US and European Union (EU) destination markets, indicates a significant and similar market power for Brazil and yet a non-negligible intra-block trade that might play some role in the EU destination market. Moreover, some complementarity patterns are detected in connection to ferrovanadium alloys.

Keywords: Niobium; Residual demand; Market power; Pricing-to-market (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:65:y:2020:i:c:s0301420719305811

DOI: 10.1016/j.resourpol.2019.101564

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