WASHED SILICA SAND MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Washed Silica Sand Market, By Product Type (Electric Based, Gas Based, and Fuel Based), By Application (Glass, Foundry, Oil Well Cement, Ceramic & Refractories, Abrasive, Metallurgy, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
In June 2022, Sibelco announced a commitment to invest AUD 49 million (approximately USD 33.83 million) in Diatreme Resources Limited, an emerging Australia-based developer of mineral and silica mines based in Brisbane, Australia. This investment consisted of the purchase of Diatreme shares through a private placement and the establishment of a silica sand joint venture between Diatreme and Sibelco in Cape Flattery, Northern Queensland. The investment was subject to approval by Australia's Foreign Investment Review Board (FIRB)
In June 2023, the high-purity silica sand in southern Jordan is estimated to be worth billions of dollars, providing a strong incentive for both international and domestic investors