Dolomite Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Dolomite in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dolomite Price Trend for Second Half of 2023

The price of dolomite, a mineral composed of calcium magnesium carbonate, is driven by its primary use in the construction industry, where it serves as a source of magnesium and calcium for cement and concrete production. Dolomite's unique properties also make it valuable in steelmaking as a fluxing agent. Additionally, it finds applications in agriculture as a soil conditioner to neutralize acidic soils. The growing construction and steel industries worldwide are attributed as the major shareholders in driving the demand for dolomite in industrial sectors.

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Throughout the third and fourth quarters, the production of mining giants such as South Africa remained under the red line. The loss of production units was mainly attributed to the region's logistics and electricity crisis. In other parts of the world, such as India, the rise in impositions of environmental clearance mandatory for running mining activities resulted in unexpected delays in supply rates.

This slowing down of the market activities was well reflected in the price trend of dolomite. Across the world, the prices oscillated with limited supply and fluctuating demand from downstream construction activities. In European countries, particularly, the construction market eased out under the ill influence of challenging economic conditions.

Analyst Insight

According to Procurement Resource, the price trend of Dolomite is estimated to be negatively influenced by the limited mining activities and slowing down of the downstream industries.

Dolomite Price Trend for the First Half of 2023

In the first two quarters of 2023, the prices of dolomite, which serves as an ore of magnesium, fluctuated due to a vast number of factors. According to the South American mining industries, the persistent power outages and train disruptions were the major causes of the decline of the mining output to alarming levels. This weak position of the mining sector resulted in low confidence of investors in this sector and thus proved to be a challenge for the prices of dolomite.

In addition to this, the demand for alkali earth metals also declined around the globe. The manufacturing activities surged after the long loss due to the pandemic and economic uproar, which only caused the level of inventories to shoot up as the downstream industries failed to show the required support for the price trend of dolomite to incline. The trading of these minerals was also impacted by this disbalance in the supply-demand equilibria, hampering the growth of dolomite prices and overall market activities.

Analyst Insight

According to Procurement Resource, the price of Dolomite is expected to struggle due to the weak performance of the mining sector and the feeble condition of the global economy.

Procurement Resource provides latest prices of Dolomite. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.