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%.
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