Antimony market poised for further growth as critical minerals demand skyrockets
May 30, 2024
Excerpt:
”The current antimony market is estimated to be worth $1.58 billion in 2022 and forecast to reach a readjusted size of $2.24b by 2028, with a compound annual growth rate of 6.0% over that period.”
”The USITC says antimony was key to US production of tungsten steel and the hardening of lead bullets used in combat during World War II.”
”At that time, up to 90% of antimony demand was fulfilled through domestic production.”
"A big driver for the new surge in the market, however, is antimony’s use as a critical material in lithium-ion batteries, solar panels and wind turbines due to its flame retardant and anti-corrosive properties.”
https://*********.com.au/antimony-market-further-growth-critical-minerals-demand-skyrockets/
Kind regards,
DYOR
Antimony market poised for further growth as critical minerals...
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