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(MoneyNewsWire.Net, October 31, 2018 ) The use of renewable energy is helping magnesite mining companies to reduce energy consumption and control emissions in the mines. As the solar or wind projects are built close to the mine sites, the cost of connecting to the power grid is also reduced. Site-appropriate renewable energy sources are reliable, consistent and also economical. BHP Billiton, RioTinto, and Barrick Gold have started implementation of renewable energy sources in their mines.
THE BUSINESS RESEARCH COMPANY VALUED THE MAGNESITE GLOBAL MARKET AT $8 BILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for more than one-third of the global market. The USA was the largest country accounting for one-fifth of the global magnesite market.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, fused magnesia is frequently applied in refractory markets and electrical insulating applications. The leading end use for the refractory material is iron & steel industry. In addition, applications of magnesium compounds such as agriculture, chemical industry, environmental area, pharmaceuticals, construction, iron & steel industries, cement and many others are expected to fuel the growth of the global magnesite market.
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Calix was the biggest player in the magnesite market, with revenues exceeding $500 million in 2016.
Magnesite mining includes mining of magnesite ore that is used in pharmaceutical and chemical applications. Magnesite is a whitish mineral consisting of magnesium carbonate, used as a heat-resistant lining in some furnaces.
Magnesite Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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