Investor Presentaiton
ioneer
Boron Market
Global Borates demand by end use
Borosilicate
Glass
Insulation
17%
Other
LCD/
TFT
8%
19%
5%
11%
Industrial/
Chemical
Frits /
Ceramics
12%
16%
12%
Textile
Fiber
Glass
Agriculture
The Boric Acid Market
Broad range of essential uses mitigates reliance on single
sector
Increasing demand from agriculture, solar, specialty glass
and permanent magnets EVs
Total global market of 4.5Mtpa of borates worth ~$2.3B
per annum
Includes boric acid of 1.2Mtpa worth $0.7B per annum
Duopoly:
-
Eti (Turkey) ~50% of refined borate market
Rio (California) -30% of refined borate market
72% of worlds known Reserves are in Turkey
Stable pricing over many decades (US$600-$800tpa)
Forecast CAGR of between 4% and 6%.
The US is the worlds 2nd largest boric acid market (23%)
behind China (30%)
Boric acid offtake completed - 100% year 1 and >85% year's 2-3 production sold
Notes: Borates demand includes refined chemicals (~80% of demand) such as boric acid and raw mineral products (~20% of demand). Chart inputs are loneer estimates derived from industry research.
ioneer Investor Presentation
ASX: INR
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