According to the SMM survey, the total production of antimony ingots (including antimony ingots, crude antimony conversion, and antimony cathode) in China in November 2024 increased slightly by 4.59% MoM compared to October. Specifically, among the 33 surveyed producers, 11 had halted production, a decrease of 4 from the previous month; 19 had reduced production, an increase of 5 from the previous month; and 3 had normal production levels, a decrease of 1 from the previous month. In terms of antimony ingot production, November saw a rebound after two consecutive months of decline. Many market participants believe this is a normal phenomenon, as the anticipated further production cuts or halts did not occur despite the previous export control policies and weak end-use demand. Instead, due to the relatively sufficient supply of domestic raw materials, some producers resumed a certain level of production from their previous halted or reduced states. Many market participants indicated that the slight increase in November's production is also normal due to the pressure some producers face to meet their annual production targets by year-end. SMM expects that the national production of antimony ingots in December 2024 will remain stable compared to November, but a slight increase cannot be ruled out.
Note: Since May 2022, SMM has been publishing the national production of antimony ingots (including antimony ingots, crude antimony conversion, and antimony cathode). Thanks to SMM's high coverage rate in the antimony industry, the total number of surveyed antimony ingot producers is 33, distributed across 8 provinces nationwide, with a total sample capacity exceeding 20,000 mt and a total capacity coverage rate of over 99%.
