- The price for Mineral sands products can be volatile as it is determined by a global marketplace that considers the type of mineral product, the quality of the mineral, current supply and demand.
- Marketing also depends on some other factors like Government policy, stock accumulation, approach planning to mineral or raw material users, the opening up of new mineral sands mining fields and scientific discoveries.
- Recent marketing strategies involve direct negotiations between producers and consumers with a view to long-term contracts to stabilise price volatility.
- Demand for mineral sands products is increasing due to the expansion of the ceramic industry owing to rapid urbanization and increased use of tiles and granites around the world
- The market for mineral sand was driven by substantial demand from the buildings and construction industry The market is anticipated to witness growth from needs of emerging industries such as new energy.
- There are three product streams in the mineral sand industry: Heavy Mineral Concentrate (HMC), Non-Magnetite Concentrate, and Individual minerals such as Zircon, Rutile, Ilmenite, Garnet, Leucoxene and Magnetite. HMC is the major mineral sand product for sale by most mineral sand companies globally.