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What is Fluorspar?
Fluorspar is listed as a critical mineral in the USA. Due to its many applications in high growth sectors, there is an increasing demand for the mineral. There is no substitute for industrial applications, and fluorspar cannot be recycled. With currently zero fluorspar operators in North America, there is an alarming supply shortage.
What is fluorspar used for?
It's found in all
modern technologies
You’ll find it in steelworks, fridges, electronic devices, nuclear plants, and even your EV’s battery.
Two grades and two booming markets
Metallurgical grade (60-90% CaF₂) is used mainly as a smelting flux in steel and aluminum production, while acid grade (+97% CaF₂) is refined for high-tech industries like batteries, semiconductors and nuclear energy.
Supply is strained, and demand is set to increase drastically
North America is currently 100% reliant on imports of fluorspar. Fluorspar demand is expected to outpace global economic growth over the next decade by an estimated 40 - 70%.
Market Overview
The global and domestic fluorspar market is in deficit, with demand expected to outstrip supply by up to 70% in the next 10 years. ARES Strategic Mining represents a domestic solution, with currently no domestic competitors.
Global Market
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Global fluorspar market size was over US$2.3Bn in 2026 and is expected to reach $3.7Bn by 2035.
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7Mt (million tons) of fluorpsar product was produced globally in 2025, which is expected to double by 2040.
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China controls around 70% of global fluorspar supply and has turned from a net exporter to a net importer due to surging demand and depletion of their own resources.
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The USA continues to import most of its fluorspar from Mexico, with Vietnam, South Africa and China as secondary sources.
Source: Global Market Insights
North American Market
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In 2026, the USA continues to be 100% reliant on fluorspar imports.
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The USA imported around 418K tons of fluorspar in 2025.
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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.
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U.S. Department of Energy forecasts demand to outstrip production capacity by 20-70%.
Source: Global Market Insights
Pricing per Metric Ton
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Fluorspar lumps, (metspar - typically 60–90% CaF₂) currently average roughly $280–450 per metric ton (USD/mt) with common ranges around $300–420 depending on grade, purity, origin, and delivery terms.
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Acid-grade fluorspar (acidspar, typically ≥97% CaF₂) currently averages roughly $480–620 per metric ton (USD/mt), with common traded ranges of about $500–650 depending on origin, exact purity, and delivery terms.
Source: Global Market Insights
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