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The Economics of Strontium
The principal end-use for strontium is in cathode ray tubes for colour monitors and televisions. These are forecast to grow steadily by 3-4% per year to the end of the decade, pulling strontium carbonate along with them. Strontium metal also faces a healthy future with strong uptake from the automotives industry.
The pattern of strontium supply has changed in recent years. A drop in demand for strontium minerals in the CIS following the break up of the former USSR resulted in a dramatic decline in the output of its main suppliers, Iran and Turkey. Mexican production of strontium minerals has increased steadily in recent years, while China is becoming an increasingly important producer of strontium carbonate. On the demand side, the outlook for strontium is good. The main application for strontium is the use of strontium carbonate in cathode ray tubes for colour televisions and colour computer monitors. These markets are forecast to grow at between 3% and 4% per annum until the late 1990s, resulting in similar growth in demand for strontium carbonate. Consumption levels of strontium carbonate are likely to be maintained in the ferrite magnets and electroytic zinc refining markets, while consumption of strontium metal looks set for continued strong growth, owing to the use of aluminium-silicon alloys in the automotive industry. This new report from Roskill analyses all areas of the strontium industry worldwide - production, consumption, markets, trade and prices - and examines the outlook for the rest of the 1990s.
Report highlights
Mexico and Spain are currently the major producing countries, accounting for 36% and 30% of world production respectively. Output in other major producing countries - Turkey, Iran and the UK - has dropped sharply in recent years.
China is becoming an increasingly important producer of strontium carbonate with a production capacity now estimated at around 35,000tpy. At the end of 1994 a new 15,000tpy carbonate plant came into operation, intended to supply the Asian market with 12,000tpy expected to be shipped to Japan.
The use of strontium carbonate in CRTs for televisions and computer monitors remains the main market for strontium, accounting for around 70% of demand. The outlook for this market is good, with overall growth forecast at between 3% and 4% per annum in the mid to late 1990s.
Production of CRT glass is dominated by Asia, accounting for 70% of world output. Japan dominates production, but in recent years Japanese producers have shifted some television output overseas: this has resulted in growth in CRT glass production in South Korea and Taiwan.
The Solvay group in Belgium dominates production of strontium carbonate. The company operates a wholly owned plant in Germany and has majority interests in facilities in Italy, South Korea and Mexico, giving it over 40% of total world production capacity.
The Economics of Strontium published 28/02/1995
94 pages, 52 tables and 9 figures.
ISBN 0 86214 430 2
Complete report price:
GBP 550
EUR 962
USD 1100
plus postage/packing.