Zirconium Demand Rising with Tight SupplySummary: CCM International’s coming report Global Survey of Zirconium revealsdemand of zirconium is rising driven by the boosting consumption market, while supplyis tight.Tag:
zirconium, global zirconium market, zirconium mine, zirconium ore, supply, consumption,demand, zirconium mine, zirconium product, ZrSiO4, ZrOCI2, ZrO2, ceramics, future trend,investor Zirconium sands from zirconium mines are widely used in production of various zirconiumproducts, 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, metalalloys and welding rod coatings.The demand of zirconium is greatly driven by the boosting consumption market, while its supplyis tight. According toCCM International’s coming report Global Survey of Zirconium, total
zirconium reserves are about 52 million tonnes in the world. Although zirconium is abundant inthe world, it’s still short of supply since almost all the zirconium ores are associated ores, thusit’s difficult to be fully utilized.Some substitutes of zirconium have been developed in recent years. For example, chromiteand olivine can be used to replace zircon in some foundry applications. Spinel refractories canalso substitute zircon in certain high-temperature applications.Increasing number of investors pay attention to zirconium industry and more plans for zirconiummine exploration are under way in Australia, South Africa, Mozambique, etc. Some policieshave an influence on global zirconium industry. For instance, South Africa has promulgatedseries of mineral regulations to encourage foreign investors to explore mines. This industry isbelieved to have a bright future.