Prices of boric acid and other boron minerals sourced from Latin America have rocketed since the start of the year.
The increase is due to a combination of supply constraints globally, increased manufacturing costs and the ongoing recovery in global demand.
Latest prices for boric acid produced in Latin American have been quoted as high as $1015/tonne (Latin American, FOB Chile), up from a price of $800/tonne in February this year, and higher than the pre-recession price of $950/tonne seen in August 2008.
Prices for other boron materials sold have also increased. These products are priced and sold based on the boric oxide content, which...