Magnesite is a magnesium carbonate (MgCO3) mineral occurring as veins in magnesium-rich rocks such as ultramafic rocks and serpentinite. It is very brittle and has a vitreous shine with colors ranging from colorless or white when pure to pale yellow, pale brown, faintly pink, and lilac rose. In its purest form, the mineral contains around 50% magnesium, which makes it ideal for producing magnesium. Magnesium metal is used in products such as car seats, laptops, cameras luggage, and power tools. Magnesite is used in end-use industries such as construction, chemical, industrial, and agriculture. Large quantities of magnesite is burnt to make magnesium oxide, which is an important refractory material used as a lining in blast furnaces, kilns, and incinerators, as a binder in flooring material in the construction industry. Magnesite is used as a catalyst and filler in manufacturing of synthetic rubber and in the preparation of magnesium chemicals and fertilizers. Magnesite cupels are used for cupellation as magnesite cupel in fire assay, which can resist high temperatures involved in the process. Magnesite is commonly used to make beads, tumbled stones, and cabochons. White magnesite is porous and has the ability to be cut and reliably absorb dye to produce almost any color. According to Investing News Network, China is the world’s top country for magnesite mining by 2017, accounting for around 66% of the global output.
Other major countries for magnesite mining are Brazil, Greece Slovakia, Turkey, Australia, India, Russia, Austria and Spain. According to Indian Minerals Yearbook 2015, the total reserves/resources of magnesite as per UNFC system by 2013, were about 328 million tons, of which reserves and remaining resources are 21 million tons and 307 million tons, respectively. According to the European Association of Mining Industries, Metal Ores, and Industrial Minerals, the European Union (EU) extracts around 2.9 million tons of primary material (expressed as magnesite ore), accounting for 10% of the world production.
Key players in Global Magnesite Market
On the basis of products, global magnesite market is segmented into:
On the basis of end-use industry, global magnesite market is segmented into:
On the basis of region, global magnesite market is segmented into:
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