Chinese fluorspar spot prices climbed to a five-year high in early 2018. This was a dramatic turnaround; until February 2017, fluorspar prices had fluctuated around five-year lows as world supply outstripped demand. Even at their five-year low level, however, it is important to note that fluorspar prices were five times higher in US$/t than they were in 2000. The price of fluorspar generally is on a long-term upward trend. Fluorspar cannot be recycled, it must be mined. It is an essential raw material in many modern consumer products. As an example, an estimated half of all new medicines contain fluorspar derivatives. Fluorspar has been identified as a strategic raw material by the US Department of Interior, European Union and several other government bodies around the world.
Just keeps getting better all the time - with all the other by-products combined together with the REE, this project will be a world beater once in full production!
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