The strategic small metal antimony has risen nearly 70% so far this year. The leading company accounts for 23% of the world's controllable quantity.

Published: Mar 5, 2021 16:10
[strategic small metal antimony has soared nearly 70% since the beginning of this year. The leading company's controllable quantity accounts for 23% of the world's] after the Spring Festival, the price of domestic strategic small metal antimony has risen rapidly. Data show that on March 4, the price of antimony ingots rose 6.06% to 70,000 yuan / ton. It has risen 28.44% so far this month and 69.23% so far this year.

After the Spring Festival, the price of domestic strategic small metal antimony rose rapidly. Data show that on March 4, the price of antimony ingots rose 6.06% to 70,000 yuan / ton. It has risen 28.44% so far this month and 69.23% so far this year.

Global antimony consumption is about 130000 tons, mainly in economies such as China (47 per cent) and the US (21.5 per cent). The annual antimony consumption in developed countries is stable at about 50,000 tons. The popularization of flame retardant legislation in emerging markets and the expansion of the market scale of automobile, electric bicycle and polyester industry have led to the sustained growth of antimony consumption and become the main incremental market of antimony. According to the agency, China's antimony consumption is expected to reach 78600 tons by 2025, 93600 tons by 2030 and 107000 tons by 2035, with a compound annual growth rate of 5.2 per cent, 3.6 per cent and 2.7 per cent, respectively.

According to the theme database of the Financial Associated Press, among the relevant listed companies:

Huayu Mining's domestic controlled antimony resources reserves reached 144300 metal tons respectively, and the overseas investment "Tarim Aluminum Gold" joint venture has controllable resource reserves of 264600 metal tons of antimony. At present, the company's controllable antimony metal accounts for 23% of the global resources.

Hunan Gold has 30, 000 tons / year refined antimony smelting production line and 32000 tons / year variety antimony oxide production line.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Chongyi Tungsten Enterprise Raised Long-Term Contract Purchase Prices in the First Half of February
1 hour ago
Chongyi Tungsten Enterprise Raised Long-Term Contract Purchase Prices in the First Half of February
Read More
Chongyi Tungsten Enterprise Raised Long-Term Contract Purchase Prices in the First Half of February
Chongyi Tungsten Enterprise Raised Long-Term Contract Purchase Prices in the First Half of February
[Chongyi Tungsten Enterprise First-Half February Long-Term Contract Information] SMM, February 5: A tungsten enterprise in Chongyi raised its long-term contract purchase prices for the first half of February: 1) 55% black tungsten concentrate: 670,000 yuan/mt, up 147,000 yuan/mt MoM; 2) 55% white tungsten concentrate: 669,000 yuan/mt, up 147,000 yuan/mt MoM; 3) ammonium paratungstate (national standard zero-grade): 970,000 yuan/mt, up 300,000 yuan/mt MoM. Note: The above unit prices include 13% VAT.
1 hour ago
Accelerated Improvement of the Magnesium Industry Standard System, Multiple Key Standards Intensively Released and Implemented [SMM Survey]
2 hours ago
Accelerated Improvement of the Magnesium Industry Standard System, Multiple Key Standards Intensively Released and Implemented [SMM Survey]
Read More
Accelerated Improvement of the Magnesium Industry Standard System, Multiple Key Standards Intensively Released and Implemented [SMM Survey]
Accelerated Improvement of the Magnesium Industry Standard System, Multiple Key Standards Intensively Released and Implemented [SMM Survey]
[Accelerated Improvement of the Magnesium Industry Standard System: Multiple Key Standards Released and Implemented in Quick Succession] Recently, multiple policies and standards for the magnesium industry have been released in quick succession, covering key areas such as data standardization and carbon footprint accounting, with continuous acceleration in the construction of the industry's standard system.
2 hours ago
High Costs and Cautious Demand in a Stalemate, Magnesium Market Continues to Fluctuate Rangebound Before the Holiday [SMM Magnesium Weekly Review]
2 hours ago
High Costs and Cautious Demand in a Stalemate, Magnesium Market Continues to Fluctuate Rangebound Before the Holiday [SMM Magnesium Weekly Review]
Read More
High Costs and Cautious Demand in a Stalemate, Magnesium Market Continues to Fluctuate Rangebound Before the Holiday [SMM Magnesium Weekly Review]
High Costs and Cautious Demand in a Stalemate, Magnesium Market Continues to Fluctuate Rangebound Before the Holiday [SMM Magnesium Weekly Review]
[SMM Magnesium Weekly Review: High Costs and Demand Wait-and-See Game, Magnesium Market Continued Rangebound Fluctuations Before the Holiday] This week, the magnesium market overall exhibited a pattern of stable supply and demand alongside strengthening cost support. The price of raw material dolomite remained firm due to tightening supply in the main production areas and rising logistics costs. Influenced by losses in semi coke, the cost of magnesium ingot increased significantly. However, affected by increased willingness among small and medium-sized producers to recoup funds and sluggish transactions, the price dropped back slightly to around 16,400 yuan/mt. Both domestic and international markets were dominated by forward orders, with downstream players generally adopting a wait-and-see attitude. Trading in the magnesium powder and magnesium alloy markets was stable, with magnesium alloy processing fees remaining firm amid cost fluctuations. Overall, the current market is fluctuating rangebound between cost support and demand wait-and-see, and it is expected to continue consolidating before the holiday.
2 hours ago