Resumen de Fluorspar 2015: : Role reversal in Asian markets to drive future trends
The strangulation of exports has also dented India's reliance on China. India was a major buyer of Chinese material until 2013, but the country is now switching to more reliable supplies, sourced mainly from Thailand, followed by South Africa, Kenya and smaller volumes from Vietnam.
India's overall fluorspar consumption is likely to decline by 20% next year, PS Haridas, vice president for supply chain development at India-based Navin Fluorine International Ltd, said in his presentation, mainly because of reduced demand from the steel industry.
The project is expected to come on stream in the next three years and will see further reductions in imports from China into India. At present, China accounts for 55% of India's fluorspar demand, down from 68% in 2013.
