Market News
Global Industrial Garnet Market – Recent Developments
- In April 2023, ASX- listed Mineral commodities have signed multiple agreements to lock in future sales of garnet concentrate from Tormin mineral sands operations on South Africa's Western Cape with offtake partners, GMA Group.
- In August 2021, South of Kalbarri in the Midwest, a new mineral sands mine from the Australian Garnet Mine at Lucky Bay is anticipated to open; at its height, it will process up to 7.5 million tons of garnet-rich sand.
- In August 2021, The Australian Garnet Mine at Lucky Bay is expected to begin a new mineral sands mine South of Kalbarri in the Midwest; at peak, it will process up to 7.5 million tonnes of garnet-rich sand.
- In September 2019, V.V. Mineral Pvt. Ltd started looking for garnet mines in Southern and Eastern Africa specifically in countries such as Kenya and Tanzania, as the deposits in India are being extracted at a maximum rate and the company needs to keep up with rising demand in the market.