Oilfield minerals, the clays and proppants used in drilling and extracting oil, are a crucial part of the petrochemical industry. Barite and bentonite are used in drilling fluids, while silica sand is crucial in the fast-growing fracking industry. The key proxy for oilfield minerals demand is the number of active drilling rigs worldwide. More active drilling rigs means more mud going down-well, and greater demand for minerals.
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