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The Rush For Jade in British Columbia

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The Rush For Jade in British Columbia

The Rush For Jade in British Columbia

Infographic presented by Electra Stone

Many years ago, jade used to travel to China along the Silk Road. Today, more and more jade is being shipped across the Pacific Ocean from British Columbia.

China is the epicenter of jade demand and culture, and today’s infographic shows how jade is formed, the rush for BC jade, and how jade gets from the boulder to the market.

How Jade is Formed

Finding high-quality jade is extremely difficult, which is part of the reason it is so valuable. Jade is created in areas of the world that have subduction zones, such as around the Ring of Fire.

Subduction occurs when two tectonic plates collide and one is forced under the other. The elements are carried deep into the earth, where immense heat and pressure creates the necessary conditions for the formation of jade. This process takes 60 million years.

Most of the world’s jade forms in areas with this kind of intense geological activity. Xinjiang, home to China’s most important nephrite jade deposits, his near where the Indian plate is colliding with the Eurasian plate.

In British Columbia, the conditions are similar, and jade can now be found throughout Canada’s westernmost province. Specifically, there are three areas where today jade is mined: Dease Lake, Mount Ogden, and Cassiar.

The Jade Market

The global market for jade is dominated by Myanmar (formerly Burma) where the majority of jadeite is produced. The size of the reported jade market is largely dependent on data from Myanmar. Before conflict and mine shutdowns resumed in the country in 2011, jade sales were estimated to be $3.5 billion per year.

These shutdowns led to a supply gap in jade, and that is where British Columbia comes in: the production of BC jade has increased from 1.7% to 8.3% from 2011 to 2014.

A 2013 Harvard report put out a more in-depth assessment of the global jade market, and estimated it to be $8 billion.

The BC Jade Market is Booming

Demand for the most desired jade, which comes in an emperor green colour, has put significant price pressure on BC jade. Production of BC jade has doubled, and prices for gem quality jade have jumped to $200-$1,000 per kg.

From Source to Market

BC jade can be found in hard rock deposits or in alluvial boulders that have been moved by glaciers over time.

“New mine jade” refers to jade found in hard rock deposits. This is typically more weathered and more susceptible to cracking.

“Old mine jade” is jade that has been dragged by glaciers in boulder form. Only the best boulders survive, and typically these are of high quality.

Jade is similar to gold in that it can be found in a pure form in nuggets in streams and rivers. Often, the most ambitious Chinese buyers may fly in via helicopter to the northern jade sites to buy jade “off the bucket” in cash. This ensures the best quality jade and miners also benefit.

The jade then typically makes its way to a hub like Vancouver to get shipped overseas to China. China is by far the world’s largest market for jade, where it is considered a hard asset and a symbol of wealth, purity, and spirituality. China is also home to the most brilliant jade craftspeople in the world.

Finally, after sometimes years of intricate carving, the jade is sold in major retail centers like Hong Kong or Beijing. Once a finished product, the jade can sell for up to 10x its original price, creating wealth throughout the value chain.

As an example: the Polar Pride Boulder was carved into a massive Buddha and sold for $1 million in 2004.

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Mining

The Biggest Salt Producing Countries in 2023

In this graphic, we break down global salt production in 2023. China is currently the top producer, accounting for almost 20% of output.

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Voronoi graphic breaking down global salt production in 2023.

The Biggest Salt Producing Countries in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Humanity has utilized salt for thousands of years, dating back to ancient civilizations. The U.S. alone consumes more than 48 million tonnes of salt per year.

In this graphic, we break down global salt production in 2023, measured in tonnes. These estimates come from the U.S. Geological Survey’s latest commodity report on salt.

Ample Supply

Salt is essential for human life, serving various purposes including food preservation, flavor enhancement, industrial processes, and health maintenance. The good news is that the world’s continental resources of salt are vast, and the salt content in the oceans is nearly unlimited.

China is currently the top producer of salt, with almost 20% of the output, followed by the U.S. (15%) and India (11%).

CountryProduction (tonnes)
🇨🇳 China53,000,000
🇺🇸 United States42,000,000
🇮🇳 India30,000,000
🇩🇪 Germany15,000,000
🇦🇺 Australia14,000,000
🇨🇦 Canada12,000,000
🇨🇱 Chile9,200,000
🇲🇽 Mexico9,000,000
🇹🇷 Turkey9,000,000
🇷🇺 Russia7,000,000
🇧🇷 Brazil6,600,000
Rest of world67,000,000
Global total273,800,000

The global salt market was valued at $32.6 billion in 2022.

It’s projected to grow from $34.1 billion in 2023 to $48.6 billion by 2030, with a CAGR of 5.2% during the forecast period. This suggests a surprising amount of growth for what is one of the world’s oldest and most common commodities.

Facts About the U.S. Salt Industry

In the U.S., salt is produced by 25 companies, which operate 63 plants across 16 states.

The states that produce the most salt are Kansas, Louisiana, Michigan, New York, Ohio, Texas, and Utah. Altogether, these states account for 95% of domestic production.

The primary uses of salt in the U.S. are highway de-icing (41%), chemical production (38%), and food processing (10%).

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