Brazil niobium miner Companhia Brasileira de Metalurgia e Mineracao ("CBMM") has inked a deal with British high-performance luxury carmaker Briggs Automotive Company (BAC) to supply niobium for the production of ultra-light, high-speed cars.

CBMM will work with BAC to develop a new sports car using high amounts of niobium, a metal that makes steel more resistant. The partners expect the final product, a race car for use on the streets, will be more fuel-efficient due to its light weight and greater speed.