New York , Nov. 02, 2023 (GLOBE NEWSWIRE) — The global sodium cyanide market size is slated to expand at 4% CAGR between 2023 and 2035. The market is poised to garner a revenue of USD 4 billion by the end of 2035, up from a revenue of USD 2 billion in the year 2022. The growing production of rare earth minerals is expected to drive market growth. According to estimations, the entire global reserve of rare earths is over 130 million metric tonnes. The majority of these reserves, estimated at 44 million metric tonnes, are in China. Following China in terms of reserve volume, the largest rare earth countries are Vietnam, Brazil, and Russia. In the extraction of gold and silver from low-grade ores, sodium cyanide, and potassium cyanide are widely utilized. With metals, the cyanide ion can generate a variety of complex ions. Electroplating makes substantial use of these complex metal cyanide ions. Cyanide compounds are also utilized in case-hardening of iron and steel, metal polishing, photography, and ship and warehouse fumigation.

(GlobeNewsWire)