The current situation and outlook of the global fluorite market: opportunities and challenges under the changing pattern

On the chessboard of global resource strategy, fluorite, as a key mineral resource, is gradually becoming the focus. Fluorite, also known as fluorite, is the main source of fluorine elements, plays an irreplaceable role in many fields such as chemical industry, metallurgy, building materials, new energy, etc., and is known as the "vitamin of modern industry", and its international situation has attracted much attention.

From the perspective of reserves and production, the global fluorite resources are widely distributed but uneven. According to the "U.S. Geological Survey Mineral Commodity Summary (2025)" released by the United States Geological Survey, the world's proven fluorite reserves in 2024 will be about 317 million tons, and China ranks first with 86 million tons of reserves, accounting for 27.13%, and the output will reach 5.9 million tons, accounting for 62.31% of the world, dominating the global supply chain. Mexico and Mongolia are also important producers, among which Mexico's output has increased significantly, with a year-on-year increase of 3.4% in 2024, while Mongolia's output will be 1.2 million tons in 2024, and the abnormally high output in 2023 is mainly due to statistical adjustments.

At the level of international trade, China's fluorite import and export showed a trend of "low-grade imports surging and high-grade exports declining". In 2024, China's low-grade fluorite ore (≤97%) will import a total of 1.3149 million tons, a year-on-year increase of 32.46%, mainly from Mongolia (88.67%) and Mexico (8.2%); High-grade fluorite ore (>97%) imported 32,600 tonnes, doubling year-on-year, mainly from Zambia (80%) and Mexico (14%). In terms of exports, the export volume of low-grade fluorite ore was 190,200 tons, a slight decrease of 2.7% year-on-year; The annual export volume of high-grade fluorite ore was 545,600 tons, a sharp decrease of 70.4% year-on-year.

In the field of downstream demand, the downstream demand for fluorite in 2024 will show the characteristics of steady growth in traditional fields and the explosion of emerging industries. The new energy and semiconductor fields have become the main driving force, especially in the new energy field, with an annual growth rate of more than 15%, and the gap between supply and demand is gradually emerging. In the traditional demand, the operating rate of the refrigerant industry remained at a low level of about 30% due to the quota policy restrictions, but the export demand drove some of the demand to rebound; The demand for the application of electronic-grade hydrofluoric acid in semiconductor cleaning processes is growing steadily; Aluminum fluoride was driven by the release of domestic electrolytic aluminum production capacity, but the growth rate was relatively flat; In the metallurgical and iron and steel industries, the demand for fluorite as a co-solvent is stable, and the demand for building materials has shrunk slightly due to the adjustment of the real estate industry. In the new energy industry, the demand for lithium battery materials and photovoltaic panels has surged, directly driving the consumption of high-grade fluorite.

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