Trade Tensions Ignite Soaring Antimony Prices Following China's Export Ban

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Antimony prices have surged to unprecedented levels following China's recent export ban of critical minerals, including antimony, to the United States. As of December 31, antimony prices were trading in the range of $39,500 to $40,000 per metric ton, reflecting a staggering 250% increase over the past year.

China holds a dominant position, producing nearly half of the world's antimony supply, which is essential for semiconductors and military applications. With the ban now in effect, traders anticipate that prices could exceed $40,000 per ton amid a global supply shortage.

The export restrictions have sparked concerns about the U.S.'s reliance on Chinese minerals, highlighting the need for diversification in supply chains. Currently, the U.S. is seeking alternative sources primarily from Southeast Asia but faces challenges in closing the gap left by China’s export limitations.

Market analysts suggest that traders will likely exploit the ban to further elevate prices, underscoring a growing urgency for the U.S. government to enhance domestic mineral production capabilities. The situation raises apprehensions about potential future bans targeting other critical minerals, such as Bismuth and Manganese.

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