The clean energy shift is happening, and it’s more than just an environmental movement. As more people turn to renewable sources of power, the demand for battery minerals is increasing exponentially worldwide. Boron, lithium, and graphite are essential minerals seeing increased share prices because of this trend.
Boron has multiple applications in the oil and gas industry. Oil companies are using Borax to help remove crude from the ground by dissolving it into the water. Later, it is pumped out of the ground along with the oil (“wet extraction”).
Boron supply constraints in the North American market will benefit the Fort Cady Integrated Boron Facility in Southern California, fully-owned by the American Pacific Borates Limited (ASX:ABR), the company slated for a NASDAQ listing in Q1 CY 2022, said.
In recent years, the demand for boron has grown by more than 6% due to several factors including population growth and increased industrialization in developing countries such as China.
Boron is widely found and used in precious minerals around the earth. Borates have a wealth of uses in metallurgy and precious mineral refinement.