Prior to China announcing the ban of antimony esport 4 weeks ago and which takes effect today 15/9/24, the price has been creeping up to USD23,000/tonne due to steep rise in demand. It has only risen $2k since, the market has not digested chinas move but is spreading. US is now desperate and so has given support worth isd1.8!b to restart Perpetua ticker PPTA -us ‘s mine in Idaho whose antimony reserves is only 67k tonnes, 2/3 of Australia’s biggest deposit -LRV’s Hillgrove.
People can flood the asx explorers with hypes that some asx traders can capitalise on but not real antimony supply. It’s rare as a hence’s teeth. Australia’s been producing only 2k tpa for years as the 7th largest producer globally. Current Producers resource are depleting rapidly also.
China in the box seat but they need all that domestic production plus more import for their soaring PV production and other applications
