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Global
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Basalt is a type of igneous rock formed from the rapid cooling of lava at Earth's surface. It is composed mainly of plagioclase and pyroxene minerals. Basalt is a very hard and durable rock, making it an ideal material for use in construction and industrial applications. It is also used in the production of asphalt and concrete.
Basalt is a major source of metals and minerals, including iron, magnesium, calcium, and aluminum. It is also a source of rare earth elements, such as scandium, yttrium, and lanthanum. These elements are used in a variety of industries, including electronics, automotive, and aerospace.
Basalt is also used in the production of abrasives, such as grinding wheels and sandpaper. It is also used in the production of glass, ceramics, and refractory materials.
The basalt market is highly competitive, with many companies operating in the space. Some of the major players in the market include Basalt America, Basalt Fiber Tech, Basalt Mining, and Basalt Rebar Technologies. Other companies in the market include Basalt Solutions, Basalt Fiber Systems, and Basalt Composites. Show Less Read more