About Cesium from todays NR
About Cesium
Cesium is rare globally. The United States and Canada have included cesium, lithium, and tantalum (among others) in their lists of Critical Minerals / Elements since each of them has been identified as being essential to the economy and national security.
Here are some facts and figures about cesium:
- Currently only produced at one locality, the Tanco Mine in Manitoba (Sinomine Resources Group)
- Very dense metal and its primary use is in deep drilling applications in the oil and gas sector
- Many industrial as well as medical uses including:
- Cesium hydroxide/carbonate is used in petrochemical catalysts; cesium iodide is used in fluoroscopy equipment; as the input phosphor of x-ray imaging equipment; cesium bromide is used in infrared detectors, optics, photoelectric cells, scintillation counters, and spectrophotometers
- Important component of atomic clocks which are the most accurate time and frequency monitors which play a vital role in aircraft guidance systems, global positioning satellites and internet and cellular telephone transmissions
- Global market for cesium forecast to double in the next five years
- Global leader in terms of production, market share, revenue, etc. is China's Sinomine Resource Group; Albermarle Corp of the USA is second
- Forecast prices (2023) for cesium salt (the most common product produced from cesium ore) is USD$188/kg and USD$291/kg for pure cesium metal
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About Cesium
Cesium is rare globally. The United States and Canada have included cesium, lithium, and tantalum (among others) in their lists of Critical Minerals / Elements since each of them has been identified as being essential to the economy and national security.
Here are some facts and figures about cesium:
- Currently only produced at one locality, the Tanco Mine in Manitoba (Sinomine Resources Group)
- Very dense metal and its primary use is in deep drilling applications in the oil and gas sector
- Many industrial as well as medical uses including:
- Cesium hydroxide/carbonate is used in petrochemical catalysts; cesium iodide is used in fluoroscopy equipment; as the input phosphor of x-ray imaging equipment; cesium bromide is used in infrared detectors, optics, photoelectric cells, scintillation counters, and spectrophotometers
- Important component of atomic clocks which are the most accurate time and frequency monitors which play a vital role in aircraft guidance systems, global positioning satellites and internet and cellular telephone transmissions
- Global market for cesium forecast to double in the next five years
- Global leader in terms of production, market share, revenue, etc. is China's Sinomine Resource Group; Albermarle Corp of the USA is second
- Forecast prices (2023) for cesium salt (the most common product produced from cesium ore) is USD$188/kg and USD$291/kg for pure cesium metal