Fluorspar Market

Fluorspar Market

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Fluorspar Market Summary*

Fluorspar – Principal Uses

 There are two principal commercial grades of fluorspar produced:

Metallurgical-spar accounts for approximately 35-40% of the total fluorspar production with the principal applications being:

Acid-spar, the grade of fluorspar which the Company is planning to produce, accounts for approximately 60-65% of total fluorspar production with the principal applications being:

Fluorspar – Production, Consumption and Price Trend

The current global production of fluorspar is approximately 5.7-6.0 million tonnes per year:

The current fluorspar price does not impact the Company’s long-term strategy as it is not yet in production and the positive macroeconomic drivers for future price increases remain essentially unchanged.

Fluorspar – Outlook and Strategic Opportunity

Based on macroeconomic drivers the Company continues to be strategically placed to capitalise on the supply gap in the future by developing its 100% owned large fluorspar assets, containing fluorspar resources of 13.1 million tonnes, located in the key markets of the USA and Europe.

* The information in this Fluorspar Market Summary is drawn from various sources, including Industrial Minerals Magazine, United States Geological Survey, Roskill, IHS, UN Comtrade, industry sources and CRU. CAGR – Compound annual growth rate.