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Global Boron Price Showed a Declining Trend Throughout December as Market Slows Down

Global Boron Price Showed a Declining Trend Throughout December as Market Slows Down

Patricia Jose Perez 04-Jan-2024

In December, the price of Boron exhibited a declining trend in the global spot market as demand and consumption from downstream industries plummeted. The extraction rate from mines across major mining countries, such as India and Spain, remained stable, amid low manufacturing activity in most countries. Furthermore, consumption from the downstream agriculture sector decreased with the arrival of winter affecting market activity. Additionally, the usage of Boron in the end-use paper and pulp industry and glass industries saw a lack of significant placement of orders.

The Spanish spot market for Boron mining industries experienced a noticeable upward trajectory. This surge in mining activity is attributed to Spain&#xx;s ambitious plan to derive over xxx of its energy from renewable sources this year, making it the first among the top five European countries in power demand to achieve this milestone. Projections indicate that Spain&#xx;s renewable energy generation...

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