Key Market Trends and Prices (2025-2026)

Global Fluorspar Market is experiencing steady growth, driven by demand from clean-tech sectors (e.g., EVs, batteries, and low-GWP refrigerants), despite supply challenges from China-dominant production and environmental regulations.

• Global Market Size and Forecasts:
  • Valued at ~USD 2.4-2.5 billion in 2024-2025, projected to reach USD 3.6-4.2 billion by 2033-2035, with CAGRs ranging from 4.2% to 5.1%.
  • Volume estimates: ~7.9-8.0 million metric tons in 2025, growing to 9.2-10.4 million tons by 2030-2035 (CAGR ~2.8%).
• Price Trends (2025):
  • Q3 2025 (September): USA ~USD 469/MT; Japan ~USD 573/MT; Brazil ~USD 533/MT; Canada ~USD 563/MT.
  • Q2 2025: USA ~USD 480/MT; Japan ~USD 593/MT.
  • Overall 2025: Prices showed stability with slight fluctuations due to tighter imports, freight costs, and demand from hydrofluoric acid (HF) and EV-related sectors. North America saw a ~3.7% QoQ rise in some quarters.
  • Outlook for 2026: Moderate stabilization expected from strategic restocking and clean-tech demand, though supply constraints persist.

Recent Developments and News Highlights (2025-2026)

• Innovations in Processing — Researchers at the University of Oxford developed a safer, more sustainable method to produce fluorochemicals directly from fluorspar using oxalic acid in water at mild conditions, bypassing hazardous hydrogen fluoride (HF) production (reported late 2024 into 2025).
• North American Supply Efforts — Ares Strategic Mining is advancing its Lost Sheep mine in Utah (the only permitted fluorspar operation in the U.S.), with infrastructure updates, gallium discoveries, and state funding (~USD 11 million in 2025) to boost acidspar output. Production targets include 65,000 tons of acidspar in 2026.
• Mine Restarts and Expansions — Canada Fluorspar restarted the St. Lawrence mine in Newfoundland (late 2025), making it North America’s only current producer. Other projects include acquisitions in Nevada (Globex Mining) and developments in Quebec, Kentucky, and Mozambique.
• Supply Chain and Regional Updates — China remains dominant (~60% of output), but export concerns and domestic demand shifts are driving diversification. Agreements like Masan High-Tech Materials’ MoU for 70,000 tons annual supply to South Korea (starting 2026) highlight regionalization.
• Battery and Clean-Tech Role — Fluorspar demand is rising for lithium-ion batteries (e.g., ~1.6 million tons equivalent needed by 2030), with forecasts emphasizing its “forgotten” status in EV supply chains.

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