Oleblue
2 weeks ago
Boron Market Analysis
The global boron market size reached US$ 2.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.3 Billion, at a projected CAGR of 4.20% during 2023-2032.
The extensive use of boron in borosilicate glass production for its thermal shock resistance represents one of the key factors driving the market growth of boron. For instance, based on the International Year of Glass 2022, almost 650 container glass manufacturers are operating in 1200 sites worldwide, manufacturing 95 million tons of glass annually which is followed by 320 flat glass manufacturers in about 560 sites, and by the manufacturers of household glass/tableware that operates in over 400 sites with nearly 8 million tons of production a year. Moreover, the rising demand for boron in the fiberglass industry due to its strength and durability, is a major growth-inducing factor. In addition to this, boron is a pivotal component used in the agricultural industry for boosting crop yields, thereby contributing to the market growth. Besides this, boron is used in nuclear reactors as a neutron absorber for safety measures. Along with this, boron acts as a key component in boron-infused fertilizers to fulfill the food demand globally which, in turn, is facilitating the market growth of boron. Apart from this, the growth of the construction industry requires boron-based insulation materials. For instance, NBS data of China shows that Construction value accounted for CNY 31.2 trillion (USD 4.5 trillion) in 2022, which is up from CNY 29.3 trillion (USD 4.2 trillion) in 2021. It is estimated that China plans to spend around USD 13 trillion on buildings over the next decade, which is creating a positive outlook for the boron market. Furthermore, the transition from fossil fuels to the utilization of renewable energy sources is positively impacting the energy storage demand, which is further employed in battery technologies, including lithium borate. These batteries demonstrate high energy density and suitability for electric vehicles (EVs) and energy storage systems. This is significantly contributing to the growth of the boron market.
Boron News
The report covers the latest developments, updates, and trends impacting the global boron market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in boron production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the Boron industry:
In August 2023, Rio Tinto’s Diavik Diamond Mine to build the largest solar power plant across Canada’s territories, featuring over 6,600 solar panels that will generate approximately 4,200 megawatt-hours of carbon-free electricity annually for the mine.
In July 2023, Allkem Limited announced that Stage 2 of the Olaroz Facility has successfully achieved first production, with wet lithium carbonate cake produced at the filter presses.
Product Description
Boron, an element with the symbol B and atomic number 5, is one of the few elements that demonstrate remarkable features and find applications in a wide range of fields. It occurs mixed with other compounds in the Earth's crust and is notable for its extreme hardness, and relatively low abundance. Boron is a metalloid hence it owes its intermediate properties to both metals and non-metals. The unique aspect of this element lies in its ability to form strong covalent bonds, which in turn contributes to its high melting point and hardness. Boron has a crystalline structure, black, shiny, and hard like diamond which is the reason why it can be used in industrial fields where the material needs to be very strong and resilient. Boron is widely employed in glass and fiberglass manufacturing, as a micronutrient in agriculture fertilizers, and as a high-tech material boron carbide and boron nitride due to their hardness and thermal properties.
Regional Coverage
The report provides a detailed analysis of the boron market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Boron Price
The report offers a holistic view of the global boron pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Boron Price
In Europe, the boron market suffered price drop because the end-use industries saw a reduction in demand, and economic uncertainties. Stable building activity failed to compensate for the reduced demand in the glass industry, weakened by market instability and interest rate hikes. The surplus in supply came from the increased production, which disrupted the market further by the disruptions in trading and severe winter conditions. Global trends towards electric vehicles also played a part in the decline of demand across many sectors.
This analysis can be extended to include detailed boron price information for a comprehensive list of countries.
https://www.imarcgroup.com/boron-pricing-report
Oleblue
2 weeks ago
Canter Resources Advances Gravel Work and Provides Geoprobe Drilling Update at Columbus
Newsfile Corp.
Wed, May 1, 2024
In this article:
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 601) ("Canter" or the "Company") is pleased to report that the Company has commenced gravel transport and stockpiling (see Image 1) in preparation for well drilling at its Columbus Lithium-Boron Project (the "Project", or "Columbus") located near Tonopah, Nevada. The gravel work is being completed by local contractor, Merritt Construction, concurrent with the ongoing Geoprobe drill campaign that is approaching the halfway mark with four (4) holes now completed (see Images 2-3).
"Our field activities continue to ramp up with our first phase of gravel work commencing concurrent with our Geoprobe drilling, so our technical group can oversee both contractors simultaneously. I'm pleased to report that the Company's ongoing 10-hole Geoprobe campaign has encountered two distinct aquifer zones within the upper 30 metres at Columbus," commented Canter CEO, Joness Lang. "We have collected two brine samples at similar depths in each hole across a north-south strike length of 1.2 kilometres to-date and hope to see this pattern continue as we aim to demonstrate lateral continuity of these shallow brine generating layers."
The Company is targeting anomalous lithium, boron and potassium mineralization in both the sedimentary clays (see Image 2) and shallow brine units (see Image 3) from this first phase of shallow Geoprobe drilling. There are distinct differences in composition between the two brine generating zones encountered to-date, with the upper zone at approximately 10-metre depth returning a darker brine within a relatively confined zone and a second significantly broader zone yielding a nearly clear brine at depths between 15-25 metres. The Company's larger-scale target at Columbus remains for testing at greater depths where lithium and boron enriched brines are likely to follow subvertical structures, trap and concentrate; however, the Geoprobe drilling accomplishes multiple objectives by providing valuable geologic and geochemical subsurface profiling across a greater lateral footprint while testing for lithium and boron mineralization within the shallow conductive layers produced by previous MT surveys (see press release dated March 20, 2024).
The 10-hole program is expected to take approximately one more week to complete, with results and interpretations from the Geoprobe program to be released once assays are received and vetted by the Company's technical personnel. The Company is following strict QA/QC protocol and procedures for brine sampling (see QA/QC section for more information).
https://finance.yahoo.com/news/canter-resources-advances-gravel-provides-110000651.html
Oleblue
2 weeks ago
Canter Resources Expands the Columbus Project to Approximately 30,000 Acres to Cover West Trending Lithium Brine Target
Newsfile Corp.
Sun, Apr 7, 2024
In this article:
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to report that, after interpreting recently acquired third party data and completing 3D modeling, the Company's technical team immediately mobilized to site to stake the limited open ground along the western edge of the Columbus Lithium-Boron Project ("Columbus" or the "Project"). The full surface sampling dataset, shown in Figure 1, includes highly anomalous lithium ("Li") values along the Company's previous western boundary and beyond. Furthermore, the Company's 3D modeling, and particularly the HSAMT resistivity shells, highlighted a broadening and open-ended conductive zone trending west with only two (2) kilometres to the limits of the Company's previous property boundary (see press release dated March 30, 2024). The land package now stands at a commanding 29,600 acres (119 km²).
"We are thrilled to have significantly expanded our land package at Columbus to encompass the full extent of the most prospective ground for lithium-enriched brines before commencing our drill campaigns," stated Joness Lang, CEO of Canter Resources. "Our team sees tremendous potential at Columbus and we are excited to get underway with Geoprobe drilling, which will commence imminently."
Watch: Video animation highlighting Columbus surface and 3D model results, newly staked ground and substantial Li-brine target with initial drill locations. Watch Video Here >
The 3D modeling has been instrumental in revealing the expansive potential within the Columbus Project area. By carefully analyzing the geological structures and resistivity patterns, the Company has identified a westward-trending conductive zone that signifies a broadening corridor of potential lithium-bearing brines. This insight is critical, as it suggests a continuous zone extending beyond the original property boundaries (see Figure 1).
Moreover, the HSAMT data has been pivotal in understanding the subsurface characteristics of the Project area. The HSAMT survey's leading edge terminated within an area exhibiting extremely low resistivity, indicative of highly conductive material likely associated with brine concentrations. This cutoff, due to the survey reaching its westernmost extent, aligned with the trend of anomalous lithium values in surface sediments extending westward. This discovery underpins the decision to expand the land package, thereby increasing the scope for further exploration and potential resource identification.
https://finance.yahoo.com/news/canter-resources-expands-columbus-project-020000290.html
Oleblue
2 weeks ago
Canter Outlines Significant Subsurface Brine Target with Updated 3D Modeling
Newsfile Corp.
Wed, Mar 20, 2024
In this article:
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to report that the Company has completed a comprehensive 3D model that incorporates all of the recently reinterpreted geophysical data and third party datasets. The new 3D model has further refined the understanding of subsurface structures and potential lithium-bearing brine formations covering an expanded 5 by 10 kilometre ("km") target area outlined within the central part of the Columbus Lithium-Boron Project ("Columbus" or the "Project").
Hybrid Source Audio-Magneto Telluric (HSAMT) geophysical data provides an important guide for targeting conductive bodies, with low resistivity values indicating the presence of highly conductive material interpreted to represent brine fluids within aquifers and pore spaces. There are numerous examples of lithium-brines correlating to HSAMT resistivity values of <1 ohm metre and the Company views the <0.5 ohm-metre resistivity as particularly favourable for potential lithium ("Li") concentrations (see Figures 1 and 2).
"Our new detailed 3D work integrates our structural and stratigraphic interpretations and provides us with a predictive exploration model that leverages historical drilling and 15 years of reprocessed geophysical data," stated Joness lang, CEO of Canter. "Most importantly, the 3D rendering of HSAMT resistivity shells shows a very compelling brine target that our team is excited to begin testing with Geoprobe and exploration well drilling during our Phase I program."
The HSAMT ground-based geophysical method has enabled the mapping of subsurface resistivity through detailed 3D modeling, indicating several resistivity-defined shells spanning a volume extending 5 km wide by 10 km long and down to depths of approximately 600 metres. These highly conductive shells, indicative of brine solutions, are the focus of the Company's lithium enriched targeting efforts. Supporting the HSAMT data, historical surface sampling and prior drilling in less conductive areas, considered less prospective, have yielded lithium values up to 1600 ppm and boron levels exceeding 10,000 ppm, revealing a multi-tiered aquifer system.
To the Company's knowledge, the upcoming drilling will represent the first drilling within the Columbus Basin that tests zones with resistivity values indicating this degree of conductivity. The priority target area is well within the Company's 23,000-acre Columbus property package and expanding HSAMT coverage will be considered later this year.
https://finance.yahoo.com/news/canter-outlines-significant-subsurface-brine-110000794.html
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Hot Features
Premium
