Strategic Minerals | Prices Rise in a Stepwise Manner, Reaching a New High for the Year
Release time：
2023-11-10
Author：
Jumper Technology
Source：
Jumper Technology
Fluorite, also known as fluorspar, plays an irreplaceable role in the fluorochemical industry. In the "National Mineral Resources Plan (2016-2020)", fluorite is listed as a "strategic mineral" in China.
Statistics show that fluorite prices surged by over 21% from August to October, rising in stages and breaking historical highs. On October 19, the average domestic price of fluorite was 3781.25 yuan/ton, up 23.72%, reaching a high for the year.
Why has the fluorite market suddenly seen a surge in prices? There are two main reasons:
(1) Increased demand for refrigerants
(2) Tight supply of fluorite spot goods
Why is the supply of fluorite tight? One reason is the low comprehensive recycling rate of fluorite resources in China. According to data from the Fluorite Industry Development Committee of the China Mining Union: Currently, the comprehensive recycling rate of fluorite resources in China is only about 50%, and the problems of fluorite resource waste and the improvement of the recycling rate urgently need to be addressed. Improving the recycling rate of fluorite resources and addressing waste issues can start with the fluorite picking process, using intelligent ore sorting equipment to improve the utilization rate of fluorite resources.
The JPXRT intelligent ore sorting machine is an intelligent ore sorting equipment independently researched and developed by Hunan Jumper Technology Co., Ltd. It is suitable for all types of ores and has considerable "practical experience" in intelligent ore sorting of lead-zinc ores, tungsten ores, nickel ores, copper ores, fluorite ores, and coal mines, achieving large-scale, automated, and continuous stable sorting. Its unique advanced features include high recognition accuracy, high sorting efficiency, wide processing particle size range, intelligent remote control, and natural background protection. It offers core values such as improving the grade and recovery rate of selected products, increasing the processing capacity of the concentrator; reducing three-waste emissions, extending the service life of tailings ponds, and promoting environmental protection; reducing mining enterprise production costs, and improving enterprise economic and social benefits.
In addition, in the production, operation, and management processes, Jumper Technology adheres to the principle of "speaking with products, technology, quality, and service," effectively promoting the development of smart mine construction and promoting the construction of digital, intelligent, information, and automated mines. The JPXRT intelligent ore sorting machine is one of Jumper Technology's flagship products that consistently implements relevant national mining policies. From the perspectives of economic, social, and ecological benefits, intelligent ore sorting is of significant importance to the sustainable development of the mining industry.
Can the price increase of fluorite continue?
(1) With the continuous release of demand in fields such as new energy and semiconductors, the prosperity of the fluorochemical industry chain has long-term support.
(2) The rapid development of the new energy industry leads to high demand for fluorite.
(3) In the short term, the fourth quarter is the traditional off-season for fluorite supply and the peak season for downstream refrigerant stocking, so it is optimistic that fluorite prices will remain high in the short term and still have room for upward movement.
(4) In the long term, the rapid development momentum of China's fluorochemical industry is expected to continue, and the demand prospect for fluorite remains broad.
Recommended information
Jumper explores with global customers
Jumper Technology is willing to join hands with global partners to open a new chapter of intelligent resource selection, driven by AI+ to promote innovative development, making resource utilization more intelligent, greener, and more efficient
Service Hotline
Email: junpkj@163.com
Address: 9th Floor, Building 8, Xincheng Science and Technology Park, 588 Yuelu West Avenue, Changsha High tech Development Zone, Hunan Province, China
WeChat Official Account
Video Account
Douyin