CaF2

Fluorspar

Price

Fluorspar Pricing and Market Data

Acid-grade fluorspar (>97% CaF2) prices range from $350-600/tonne depending on origin and market conditions. Met-grade fluorspar trades at $200-350/tonne. Chinese domestic prices set the floor for the global market, while Mexican and South African material trades at premiums. Fluorspar pricing is reported by Industrial Minerals and Fastmarkets. The market is driven by hydrofluoric acid demand (for fluorochemicals, aluminum, petroleum refining, and semiconductor manufacturing) and steelmaking activity. Chinese environmental regulations have been a recurring supply-side price driver.

Current Price

350-700

$/tonne (acid grade)

Benchmark

Industrial Minerals/Fastmarkets

Annual Production

8.5 million

tonnes

Top Producer

China

65% share

Pricing Mechanisms

Fluorspar is priced using benchmarks from Industrial Minerals/Fastmarkets. Fluorspar pricing operates through a combination of exchange-based benchmarks, price reporting agency assessments, bilateral negotiation, and long-term offtake contracts. The specific mechanism depends on product form, grade, and the buyer-seller relationship.

Price History and Notable Market Events

The Fluorspar market has been shaped by the following key events:

2016

China imposed environmental production restrictions on fluorspar mines, reducing output and tightening global supply

2020

Mongolian fluorspar exports disrupted by COVID border closures with China, highlighting logistics concentration risk

2024

EU Critical Raw Materials Act designated fluorspar as strategic, encouraging European exploration and recycling research

Price Drivers

Key factors influencing Fluorspar prices include production levels in China (65% of global supply), demand from steelmaking flux and hydrofluoric acid production, inventory levels, energy costs, and government policy actions such as export restrictions or strategic stockpiling.

Spot vs. Contract Pricing

The Fluorspar market features both spot transactions and longer-term contracts. Spot prices reflect current conditions and are more volatile, while multi-year offtake agreements provide supply security for both producers and consumers. Current spot pricing is in the range of 350-700 $/tonne (acid grade).

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