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Fluorite is a mineral seen in vibrant colors like blue, green, yellow, etc. It has a chemical formula CaF2. The salt is soft and has cubic or octahedral crystals that exhibit transparency and fluorescence. The mineral can show a wide range of colors due to its fluorescence under UV light.
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Fluorite has exceptional clarity and optical properties making it a central element in the gemstone and lens market. The mineral also has wide industrial applications. It is used in the production of steel, aluminum, and ceramics. It also has a high melting point and high chemical stability.
Key Details About the Fluorite Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Fluorite price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The fluorite price chart, including India Iron price, USA Iron price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Fluorite Price Trend:
Owing to its unique properties, fluorite finds its applications in various industries. The steel and aluminum industries are the major sectors employing the use of fluorite. It is used as a flux during the production of steel and aluminum. This flux helps in removing impurities and enhances the fluidity of the metal. In the cement industry also, fluorite assists in clinker production and reduces energy consumption. The high melting point and chemical stability of this mineral aid in the production of ceramics. Here also, it acts as a fluxing agent and reduces the melting point of the materials. In the optical industry, it is used in manufacturing glasses and prisms due to high transparency and low dispersion by the material. In chemical synthesis, this mineral is used in the production of hydrofluoric acid that is used in refrigerants, plastics, pharmaceuticals, and pesticides. In some chemical reactions, it also serves as a catalyst. Overall, fluorite's numerous industrial uses emphasize its significance in a number of fields, including metals, construction, optics, and chemicals.
Key Players:
- Mexichem
- Yarislavsk Mining Company (RUSAL)
- Kenya Fluorspar Company
- Steyuan Mineral Resources Group
- Wuyi Shenlong Flotation
- China Kings Resources Group
- Guoxing Corporation
- Jiangxi Shangro Sanshan Mining
- Zhejiang Sanmei Chemical
News and Recent Developments:
- March 3, 2023- Elementos (ASX:ELT) confirms fluorite discovery at Cleveland project, Tasmania- The Cleveland tin project in Tasmania owned by Elementos (ELT) has been verified to contain "significant" fluorite mineralization. In 2022, the company used a follow-up assay on the drill core from the C2119 diamond drill hole to find and confirm the fluorite. Fluorite made up 8.7% of the composite sample under consideration, according to the laboratory results. Tin, copper, tungsten, molybdenum, and bismuth were among the elements found in hole C2119, according to the company.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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