Global Antimony Market Faces Turbulence as China Restricts Exports

China's decision to restrict antimony exports from September 15 could drive metal prices to record highs. The minor metal, used in batteries and military equipment, is already at an all-time high of $22,000 per metric ton. China's move, aimed at national security, will likely widen the global deficit.

China's decision to restrict exports of antimony starting September 15 is expected to elevate metal prices dramatically, according to analysts and traders. The metal, essential in ammunition and batteries, has already seen prices soar to over $22,000 a metric ton due to a global shortage.

Antimony, also crucial in fire-retardants and photovoltaic solar cells, may see prices spike to $30,000 amid limited availability. "Given current record prices, it's likely prices will escalate further with this announcement," commented Chetan Soni from CRU consultancy. China's dominant role in antimony production, contributing 48% of global supply, exacerbates the situation.

Export restrictions by China for national security reasons could lead to increased deficits. Consultancies like Project Blue estimate a 10,000-ton market shortfall. Western nations, seeking to lessen dependence on Chinese supply, are diversifying sources, notably from Tajikistan, Vietnam, and Myanmar. However, supply disruptions from Russia due to sanctions and decreased production further stress the market.