Mining Brief: Fluorspar Market Realizing Increased Demand as Fluorine Uses Increas

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luorspar, the name used for fluorite when it is sold as a bulk material or in processed form, is not an often discussed mining product. Fluorite has a wide variety of uses.

The non-stick cooking surface known as Teflon is made using fluorine derived from fluorite. The primary uses are in the metallurgical, ceramics, and chemical industries; however, optical, lapidary, and other uses are also important.

Recent industry reports project that the global Fluorspar Acid Grade market size is expected to reach US$ 2800.1 million by the end of 2026, with a CAGR of 8.9% during 2021-2026.

Fluospar is sold in different grades including acid, metallurgical and ceramic. Acid grade fluorspar is a high-purity material used by the chemical industry. It contains over 97% CaF2. Most of the fluorspar consumed in the United States is acid grade even if it is used in lower grade applications.

It is used mainly in the chemical industry to manufacture hydrofluoric acid (HF). The HF is then used to manufacture a variety of products which include fluorocarbon chemicals, foam blowing agents, refrigerants, and a variety of fluoride chemicals. Fluorspar is also used directly or indirectly to manufacture products such as aluminum, gasoline, insulating foams, refrigerants, steel, and uranium fuel.

Byproduct fluorosilicic acid production from some phosphoric acid producers supplements fluorspar as a domestic source of fluorine. Active stocks in the markets this week include Ares Strategic Mining Inc. (OTCQB ARSMF) (TSX-V ARS), Commerce Resources Corp. (OTCPK CMRZF) (TSX-VCCE), Lion One Metals Limited (OTCQX LOMLF) (TSXV LIO), McEwen Mining Inc. (NYSE MUX) (TSX MUX), Saville Resources Inc. (TSX-V SRE).

Europe and North America are expected to increase over the next few years. Fluorspar Acid Grade markets in the Asia-Pacific region are expected to experience significant growth during the forecast period. Advanced technology and innovation are the most important characteristics of North America and the main reason why the United States dominates the world market. The Fluorspar Acid Grade market in South America is also expected to expand in the near future. A report from MarketsAndResearch shows much optimism for the market in the near future, saying Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry... Other factors that are driving the growth of the market can be the increased number of demands. The Fluorspar Acid Grade market is expected to propel during the forecast period from 2020 to 2025.

Ares Strategic Mining Inc. (OTCQB ARSMF) (TSX-V ARS) BREAKING NEWS Ares Strategic Mining Inc. Completes Delineation Drilling Assaying and Confirms High Grades of Naturally Occurring Fluorspar - Ares Strategic Mining (Ares or the Company) is pleased to announce it has received all the assay results from its 12 Reverse Circulation delineation drill holes from the drill program conducted at its Lost Sheep Fluorspar mining operation located In Delta, Utah, US.

James Walker, President and CEO of the Company said, The results have been a great validation of our project assessment and its potential. Not only do we have the only permitted and producing fluorspar mine in the U.S, but we can now confirm that high grades of naturally occurring fluorspar at our mine. This is excellent news for U.S. industries which import 100% of its fluorspar from abroad. Fluorspar is used in aluminum, steel, refrigeration units, electric car batteries, smart phones, medical supplies, cement, and hydrofluoric acid, and now U.S industry has the potential to source fluorspar domestically instead of from abroad. We have discovered large sections of fluorspar which already meet industry standards. We have commenced plant design work, block modelling, and resource calculations for the drilled and assayed fluorspar pipe. With the already completed metallurgical work, which the company recently announced had achieved the highest grade required by industry, Ares is advancing with its mine construction plans with the anticipation to supply to US industry in the near future.

High-grade fluorspar is located within discrete near vertical fluorite bearing volcanic breccia pipes hosted within competent limestone. Due to working safety and space limitations inside the actual LGP pit, all 12 RC drill holes were drilled from two locations/pads fanned through the fluorite bearing breccia pipe boundaries at different elevations to delineate the shape and grade distribution of the Fluorspar mineralization within it as well as the contacts with the limestone wall rock at different elevation levels.

โœ”๏ธ Mining Brief: Fluorspar Market Realizing Increased Demand as Fluorine Uses Increas

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