Tertiary Minerals optimistic on fluorspar market despite losses

By Shruti Salwan
Published: Tuesday, 31 May 2016

Growth in the fluorspar industry has been held back since H2 2012 owing to limited demand in the downstream market of fluorochemicals, which has narrowed the scope for new capacity in an already oversupplied market. However, despite the odds, Tertiary Minerals remains optimistic regarding a long term rebound as the company develops its fluorspar projects in Sweden and the US.

AIM-listed fluorspar exploration company Tertiary Minerals Plc believes that the industry will see an upturn in both demand and pricing in the medium term, despite a challenging six months.

Tertiary reported operating losses of £219,962 ($321,525*) for the six month period...

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