The entire story is quite bogus, as a simple bit of basic research would tell you.
http://minerals.usgs.gov/minerals/pubs/commodity/niobium/myb1-2006-niobi.pdf
Jump down to page 9, and you'll see the hard numbers. Nigeria produces about 25,000kg of the stuff a year, while Australia produces about 800,000kg of it and Canada about 226,000kg of it.
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