In December 2024, China's antimony ingot production assessed by SMM was up 15.01% MoM [SMM data].

According to SMM's assessment, China's antimony ingot production (including antimony ingots, crude antimony converted, and antimony cathodes) in December 2024 increased by 15.01% MoM compared to November. Specifically, among the 33 surveyed producers currently assessed by SMM, 10 producers halted production, a decrease of 1 compared to the previous month; 19 producers experienced reduced production, unchanged from the previous month; and 4 producers maintained relatively normal production, an increase of 1 compared to the previous month. Regarding antimony ingot production, December production rose again following a slight rebound in November. Many market participants believe this is a normal phenomenon, as December is the final month of the year, and many producers tend to accelerate production to meet annual production targets. Additionally, the relatively sufficient domestic raw material supply contributed to increased production for some producers in December. Market participants expect that due to the Chinese New Year holiday in January, national antimony ingot production in January 2025 is likely to pull back compared to December 2024, with the possibility of a significant decline.

Note: Since May 2022, SMM has been publishing national antimony ingot production data (including antimony ingots, crude antimony converted, and antimony cathodes). 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 capacity coverage rate of over 99%.

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