Barite demand, prices to rebound by 2002

Click here to enlarge imageThe demand for barite along with prices are expected to rebound by 2002 after falling in response to a decline in worldwide drilling activity spawned by low crude oil prices.That is the conclusion of a study of global barite demand by Roskill Information Services Ltd., London.Barite (BaSo4), with a specific gravity of 4.5, is primarily used as a weighting agent in drilling fluids, which accounts for over 85% of all barite demand. Other applications for barite include the manufacturing of barium chemicals and specialist filler uses, which together account for less than 1 million tonnes/year.ProductionOver the past 2 decades, barite production has shown great f...

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