Following are details on Chinese restrictions and the antimony market. There are no limits on volume, but on the basis of previous curbs, antimony exports...
- China will impose export controls on some antimony products from Sept. 15, it said on Thursday, citing national security, adding to measures imposed by Beijing since last year to curb shipments of strategic minerals.WHAT IS ANTIMONY AND WHAT IS IT USED FOR?
Antimony has also become increasingly strategic because of its use in military equipment, such as infrared missiles, nuclear weapons and night vision goggles, and as a hardening agent for bullets and tanks. There are no limits on volume, but on the basis of previous curbs, antimony exports are likely to drop after the restrictions are enforced.
In response, European ATO refiners looked to Tajikistan, Vietnam, and Myanmar as alternatives, with U.S. buyers mostly sourcing materials from India, Project Blue said.Known antimony reserves can meet demand for about 24 years, far less than known reserves of rare earths, lithium and other metals, though slightly more than for silver, USGS data showed.
"There is no pipeline of supply to turn on," said Christopher Ecclestone, a principal and mining strategist at Hallgarten & Company in London.Perpetua Resources, which is building a U.S. antimony and gold project with support from the Pentagon, had planned to begin production by 2028, but is studying ways to produce antimony faster in response to the Chinese curbs.
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