, /PRNewswire/ -- Fluorspar is an industrial mineral used in the manufacture of fluorochemicals, aluminum and steel. The term "fluorspar" refers to crude or beneficiated material that is mined and/or milled for the mineral fluorite (calcium fluoride). Fluorite has a wide variety of uses. The primary uses are in the metallurgical, ceramics, and chemical industries; however, optical, lapidary, and other uses are also important. Fluorspar has been widely used in steelmaking as a flux since the introduction of basic open-hearth furnace technology in the late 19th century, and in basic oxygen and electric arc furnaces today. According to a ResearchAndMarkets , the fluorspar market is expected to grow at a CAGR of over 5% from 2020 to 2025. The report added that one of the main factors driving the market is growing demand of fluorspar from fluorspar extracted chemicals. By application, growing demand of fluorspar from the chemical industry is expected to dominate the market over the forecast period. Increasing use of fluorspar made fluoropolymers in lithium batteries is likely to act as an opportunity for the market studied in the coming years. region is expected to dominate the market with the largest consumption from countries, such as and India.Active stocks in the mining markets this week include (OTCQB: ARSMF) (TSX-V: ARS), NYSE: GSV) (TSX: GSV), (NYSE: NG) (TSX: NG), (NYSE: SVM) (TSX: SVM), (NYSE: NEM) (TSX: NGT).

New Pacific Metals Corp. Virtually Opens The Market

, /PRNewswire/ -- Silver prices are surging, making the metal one of the best-performing assets in the markets in the Q2, and could continue rising as supply constraints put further pressure on the market. Global metal production has been severely disrupted due to government-mandated mining suspensions in response to the COVID-19 pandemic, with silver experiencing the hardest hit. As of , the equivalent of 65.8% of annual global silver production was put on hold and put a serious dent in silver output. Luckily, silver producers (NASDAQ:PAAS) (TSX:PAAS), (NYSE:SVM) (TSX:SVM), (NASDAQ:FSM) (TSX:FVI), and (NYSE:AG) (TSX:FR) are bringing projects back online and ramping up production to meet growing demand, while near-term producers like TSX:AXU) (NYSE:AXU) are getting ready to join the booming silver market.