Zirconium Demand Rising with Tight Supply
Summary: CCM International’s coming report Global Survey of Zirconium reveals
demand of zirconium is rising driven by the boosting consumption market, while
supply is tight.
Tag: zirconium, global zirconium market, zirconium mine, zirconium ore, supply, consumption,
demand, zirconium product, ZrSiO4, ZrOCI2, ZrO2, ceramics, future trend, investor
Zirconium sands from zirconium mines are widely used in production of various zirconium
products, such as ZrSiO4, ZrOCI2, ZrO2. The consumption market of zirconium is huge.
Ceramics, foundry applications, opacifiers, and refractories are the leading end uses for
zironium products. Other end uses of zirconium products include abrasives, chemicals, metal
alloys and welding rod coatings.
The demand of zirconium is greatly driven by the boosting consumption market, while its
supply is tight. According to CCM International’s coming report Global Survey of Zirconium,
total zirconium reserves are about 52 million tonnes in the world. Although zirconium is
abundant in the world, it’s still short of supply since almost all the zirconium ores are
associated ores, thus it’s difficult to be fully utilized.
Some substitutes of zirconium have been developed in recent years. For example, chromite
and olivine can be used to replace zircon in some foundry applications. Spinel refractories
can also substitute zircon in certain high-temperature applications.
Increasing number of investors pay attention to zirconium industry and more plans for
zirconium mine exploration are under way in Australia, South Africa, Mozambique, etc. Some
policies have an influence on global zirconium industry. For instance, South Africa has
promulgated series of mineral regulations to encourage foreign investors to explore mines.
This industry is believed to have a bright future.
More details will be presented in the report. If you are interested in it, please feel free to
contact us at email@example.com.
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