The price of Barite in the USA saw a decline in the second quarter of 2023, influenced by several factors, including the deteriorating economic conditions, rising inflation rate, and a debt crisis. The downfall of major banks across the USA triggered a debt crisis that had adverse effects on the Barite market. Simultaneously, the ongoing trade tensions between the USA and China disrupted supply chains, leading to reduced demand from overseas markets. The downstream paint industry experienced reduced demand as automotive sales declined due to decreased purchasing power in the US spot market.