Calcium fluoride

Fluorspar Market Intelligence Report – Recent Dynamics

I. Market Price Dynamics

* Price Trend: Recently, the fluorspar market price has remained generally stable. According to Shengyishe (Business Society) data, as of June 8, 2026, fluorspar prices in Guangdong, Jiangxi, Henan, Inner Mongolia, Zhejiang, and other regions were unchanged.
* Price Level: The average domestic fluorspar price in China in 2025 was approximately RMB 3,480 per ton. Based on current market conditions, price fluctuations in the near term are expected to be limited.

II. Supply-Demand Analysis

* Supply Situation:
* China’s fluorspar output in 2025 totaled approximately 6.73 million tons, representing a year-on-year increase. However, actual supply growth remains constrained due to factors including mine operating rates and environmental protection policies.
* China’s fluorspar resources are characterized by “predominantly associated deposits, few independent deposits; predominantly low-grade ores, few high-grade ores; and predominantly small-scale mines, few large-scale mines.” High-grade ore resources are depleting rapidly, while development of associated-fluorspar deposits faces significant technical challenges and high costs.
* Although domestic fluorspar production is projected to grow modestly in 2025, actual supply may struggle to keep pace with rapidly expanding demand.

* Demand Situation:
* As a critical mineral raw material for modern industry, fluorspar is widely used in new energy, new materials, refrigerants, metallurgy, construction materials, and other sectors.
* With the rapid development of strategic emerging industries—especially new energy and new materials—fluorspar demand continues to rise steadily. Notably, demand for high-purity fluorspar from lithium-ion battery and photovoltaic industries is becoming increasingly urgent.
* In traditional downstream applications, demand from hydrofluoric acid production, aluminum fluoride production, steelmaking, and construction materials still accounts for a substantial share; however, the overall demand structure is undergoing profound transformation.

III. Import-Export Situation

* Import Situation:
* China’s fluorspar imports reached a record high in 2025, totaling 1.917 million tons—a 42.3% year-on-year increase. Of this, fluorspar with CaF? content ≤97% accounted for 1.824 million tons (up 39% YoY), while fluorspar with CaF? content >97% amounted to 93,000 tons (up 186% YoY).
* Mongolia is China’s primary source of fluorspar imports; in 2025, over 79% of China’s total fluorspar imports originated from Mongolia.
* Regarding import prices, China’s fluorspar import prices remained relatively stable between 2021 and 2026, though a slight decline occurred in 2026, keeping prices broadly at a low level.

* Export Situation:
* China’s fluorspar exports declined by 7% year-on-year in 2025. Mexico and South Africa emerged as new export destinations.
* Among exported products, high-purity fluorspar (CaF? >97%) saw export volumes surge by 92% YoY, indicating enhanced competitiveness of premium products in international markets.

IV. Competitive Landscape Analysis

* Corporate Competition:
* The Chinese fluorspar market reflects a dual-track pattern of “policy guidance + technological upgrading,” with industry concentration rising rapidly.
* Key players include Jingshi Resources, Yonghe Co., Ltd., and Wuyi Shenlong, among others—with Jingshi Resources holding the largest market share in terms of production volume.
* Competition among enterprises has evolved beyond simple output rivalry toward integrated capabilities—including resource control, technological innovation, and full-industry-chain integration.

* Regional Competition:
* Representative fluorspar enterprises in China are primarily concentrated in resource-rich provinces such as Zhejiang, Hunan, Jiangxi, and Inner Mongolia.
* Enterprises across different regions have developed differentiated competitive advantages based on local resource endowments and policy environments.

V. Analysis, Outlook & Forecast

* Short-Term Assessment:
* Fluorspar prices in China are expected to remain stable in the near term, with ongoing supply-demand negotiations—but overall price volatility will likely remain limited.
* Imported fluorspar will continue supplementing domestic supply; however, import prices may adjust in response to international market fluctuations.

* Medium-to-Long-Term Forecast:
* Fluorspar demand is projected to sustain robust growth, driven by the rapid expansion of strategic emerging industries—particularly new energy and new materials.
* Increasing resource constraints and intensifying regulatory pressures will accelerate the industry’s transition toward high-quality, sustainable development.
* Industry concentration is expected to further increase, favoring enterprises with superior resource control, technological innovation capacity, and full-industry-chain integration capabilities.
* The overall fluorspar market size is anticipated to expand continuously, reaching an estimated RMB 35.6 billion in China by 2031.