Strontium Carbonate (SrCO3) is the Carbonate salt of Strontium that has the appearance of a white or grey powder. Strontium Carbonate is commercially produced from Strontium Sulfate (SrSO4) contained in Celestite ores, is one of the most important raw materials for the production of other Strontium compounds and widely in fireworks, electronic industry, ceramic industry, and permanent magnet industry.
As one of main raw material of ferrite magnets, Strontium Carbonate occupy 15wt% in the raw material. Besides, its price is also well above iron oxide. Therefore, Strontium Carbonate price trend has significant impact on the price movement of ferrite magnets. The price of Strontium Carbonate has experienced drastic rises in 2021 due to the supply shortage of Celestite. Main producing areas in China have been limiting or stopping production owing to epidemic situation, mine accident, increase in coal price, and environmental pressure. In the meanwhile, imported ores from Iran, Mexico, and Spain is also impacted by COVID-19 and ocean shipping disruptions.
