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INDUSTRY OVERVIEW

Fluorspar is one of the most widely used industrial minerals, such as steel, aluminium, refrigeration, cement, the chemical industries, and lithium-ion batteries. While demand for fluorspar and electric transportation in the US increases, our imported supply chain of the mineral is strained.

 

ARES Strategic Mining represents a domestic solution, with no domestic competition.

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Global Market

  • Global Fluorspar market size was over US$2 billion in 2016

  • Global Revenues to exceed US$4 billion by 2024

  • China has turned from a net exporter to a net importer due to surging demand

  • Mexico and Vietnam continue to be net exporters 

Source: Global Market Insights​

North American Market

  • ​USA reliant on imports

  • In 2018, U.S. Government classified fluorspar as both a strategic and critical metal

  • Fluorspar’s classification as a Critical Mineral in the United States translates to a faster permitting period, enabling mining operations to initiate more quickly than for conventional minerals

Source: Global Market Insights​

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