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Mongolia has abundant mineral resources, including coal, copper, gold, uranium and fluorspar, and its economy relies heavily on mining, which accounts for roughly a quarter of its GDP.—ABC News,
29 Oct. 2026 Fluorite, or fluorspar, plays a critical role in semiconductor manufacturing and lithium-ion battery production, while baryte is indispensable in oil and gas drilling, where it is used to stabilise wells and prevent blowouts.—
Bojan Stojkovski,
Interesting Engineering,
21 Mar. 2026