South African fluorspar struggles as concerns linger over demand growth
Published: Tuesday, 18 August 2015
Supply Update: Industrial slowdown has led to an 83% y-o-y drop in acidspar exports, while upcoming projects take a back seat; weak demand to continue into Q3 2015.
Despite having the world’s largest fluorspar
reserves, South Africa’s fluorspar industry has
been underperforming amid sluggish industrial demand, a lack of
financing and uncertainty over its mining laws.
The country’s acid grade fluorspar (acidspar)
exports dropped for another consecutive quarter to just 20,500
tonnes in Q2 2015, down...