Fluorspar is an essential raw material in the basic chemical, steel and aluminium industries and in a growing number of high tech technologies and pharmaceutical applications.
Fluorspar has a growing economic and strategic importance; defined as a strategic mineral in the US with 100% net import reliance; identified by the European Commission as a critical raw material facing a supply shortage. ITSM goal is to become a reliable long term and competitive supplier of high-quality fluorspar for the world market. Also, ITSM is committed to acquiring and developing large fluorspar deposits located close to established infrastructure and key markets in stable, democratic and mining friendly jurisdictions.
Acquire and develop large fluorspar deposits located close to established infrastructure and key markets in stable, democratic and mining friendly jurisdictions.
Fluorspar Market by Global Market Insights
Uses: The majority of the United States’ annual consumption of fluorspar is for the production of hydrofluoric acid (HF) and aluminum fluoride (AlF3). HF is a key ingredient for the production of all organic and non organic chemicals that contain the element fluorine. It is also used in the manufacture of uranium. AlF3 is used in the production of aluminum. The remainder of fluorspar consumption is as a flux in making steel, glass, enamel, and other products. A flux is a substance that lowers the melting temperature of a material.