According to SMM's assessment, the overall production of antimony ingots (including antimony ingots, converted crude antimony, antimony cathode, etc.) in China in June 2025 saw a significant MoM decline of approximately 21.5% compared to the previous month. Specifically, among the 33 surveyed producers assessed by SMM, 15 producers reported zero production, an increase of 4 producers compared to the previous month; 15 producers experienced production cuts, a decrease of 4 producers compared to the previous month; and 3 producers maintained normal production levels, unchanged from the previous month. From the perspective of antimony ingot production, after a slight increase in May, antimony production in June declined sharply again. Many market participants consider this a normal phenomenon, as the recent significant drop in market prices has led to greater flexibility in market production. Additionally, with the arrival of summer, a large number of producers have entered maintenance and shutdown periods, limiting production, reducing inventory, and alleviating sales pressure. Currently, overseas ore sources still cannot enter the domestic market in large quantities, and market participants indicate that the overall domestic raw material supply remains tight. However, it is expected that more producers will announce shutdowns and production cuts from late June to early July. Market participants predict that the national antimony ingot production in July 2025 is likely to continue to decline compared to June.
Note: Since May 2022, SMM has been publishing its assessed production of antimony ingots (including antimony ingots, converted crude antimony, antimony cathode, etc.) nationwide. Thanks to SMM's high coverage rate in the antimony industry, SMM surveyed a total of 33 antimony ingot producers, distributed across 8 provinces nationwide, with a total sample capacity exceeding 20,000 mt and a total capacity coverage rate as high as over 99%.
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