Based on SMM estimates, China's antimony ingot production (including antimony ingot, crude antimony converted, antimony cathode, etc.) in July 2026 was up about 30% MoM, showing a sharp increase. Regarding the sharp increase in July, some market participants considered it a normal phenomenon, as customs data showed that antimony ore imports from outside China each exceeded 10,000 mt in April, May, and June, and the large volume of ore imports would inevitably translate into higher antimony ingot production.
Note: Since May 2022, SMM has published its assessed national antimony ingot production (including antimony ingot, crude antimony converted, antimony cathode, etc.). Thanks to SMM's high coverage of the antimony industry, the survey covers a total of 33 antimony ingot producers across 8 provinces, with total sample capacity exceeding 20,000 mt and a total capacity coverage rate of over 99%.
This report is an original work and/or compilation created by SMM Information & Technology Co., Ltd. (hereinafter referred to as "SMM"), and SMM legally owns the copyright, protected by the Copyright Law of the People's Republic of China and other applicable laws, regulations, and international treaties. Without written permission, no reproduction, modification, sale, transfer, display, translation, compilation, dissemination, or disclosure of the above content to any third party in any form, or licensing any third party to use it, is allowed. Once discovered, SMM will pursue legal liability for infringement, including but not limited to claims for breach of contract, restitution of unjust enrichment, and compensation for direct and indirect economic losses. The content contained in this report, including but not limited to any or all information such as news, articles, data, charts, pictures, images, sounds, videos, logos, advertisements, trademarks, trade names, domain names, layout designs, etc., is protected by the Copyright Law of the People's Republic of China, the Trademark Law of the People's Republic of China, the Anti-Unfair Competition Law of the People's Republic of China, and other applicable laws, regulations, and international treaties concerning copyright, trademark rights, domain name rights, commercial data information property rights, and other rights, and is owned or held by SMM and its relevant right holders. Without written permission, no institution or individual may reproduce, modify, use, sell, transfer, display, translate, compile, disseminate, or otherwise disclose the above content to any third party, or license any third party to use it. Once discovered, SMM will pursue legal liability for infringement, including but not limited to claims for breach of contract, restitution of unjust enrichment, and compensation for direct and indirect economic losses. *All data in this report are based on publicly available market information (including but not limited to industry news, seminars, exhibitions, corporate financial reports, broker reports, National Bureau of Statistics (NBS) data, customs import and export data, data published by various associations and institutions, etc.), processed internally by the SMM research team using SMM’s internal database models, and reasonable inferences are drawn. The information provided in this report is for reference only and at your own risk. This report does not constitute direct investment research or decision-making advice. Clients should make decisions prudently and not substitute this for their own independent judgment. Any decision made by the client is not related to SMM. Furthermore, any losses or liabilities arising from unauthorized or illegal use of the views in this report are not related to SMM. SMM reserves the right to amend and the final interpretation of the terms of this statement.
![China's September 2026 SMM assessed antimony ingot production fell about 2% MoM [SMM data]](https://imgqn.smm.cn/usercenter/NPpAM20251217171723.jpeg)
