VRX Silica (VRX) - Learning About & Investing in Silica Sands Market
Interview with Bruce Maluish, MD of VRX Silica (ASX: VRX)
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Show Notes
VRX Silica identified the silica sand shortage in the Asia-Pacific region as a unique opportunity for Western Australia. The shortage, which is predicted to worsen with dwindling local supplies and increasing demand, has caused an increase in price. The Asia-Pacific region accounts for 47% of global demand for silica sand and is predicted to grow at a CAGR of 7.7% during the 2021 – 2027 period according to a market research report by QuantAlign Research.
VRX Silica and its Western Australian Silica Sand Projects are well positioned to meet this rising demand in the Asia-Pacific markets for silica sand.