Highlights
Mongolia is the third biggest producer of fluorspar in the world after China and Mexico, and fourth in the world with its fluorspar reserves. In addition to neighboring China being one of the largest producers, it also purchases fluorspar from Mongolia.
Reserve & Exploration
GLOBAL FLUORSPAR RESERVES IN 2023, BY COUNTRY
(in 1,000 metric tons)
Source: U.S. Geological Survey Publications Warehouse
At the end of 2024, Mongolia has 224 valid fluorspar mining licenses, which accounts for 12.7% of total mining licenses issued and 3.3% of the total area licensed for exploitation.
NUMBER OF VALID FLUORSPAR MINING LICENSES (AS OF 2024)
Production & export
GLOBAL FLUORSPAR MINE PRODUCTION IN 2023, BY COUNTRY
(in 1,000 metric tons)
Global production of fluorspar in 2018 reached 6m tonnes, of which 9.3% was produced in Mongolia. In 2023, Mongolia produced more than 10.5% of the world’s total production of 8.8m tonnes. In 2024, 1.2 million tonnes of fluorspar were exported to China, making up 90% of total fluorspar exports. Notably, the export value reached a record high of $318.5 million. Export to China first started in 2002. According to statistics, fluorspar production and exports declined between 2010 and 2015, but have steadily recovered since 2016, with exports reaching a historical high of 1.37 million tonnes in 2024.
FLUORSPAR PRODUCTION AND EXPORT (2000-2024)
Source: NSO of Mongolia
MONGOLIA’S FLUORSPAR EXPORT BY COUNTRY AS OF 2023
Source: General Customs Administration of Mongolia