Why would anyone want to take NAG over? I can't see NAG going...

Why would anyone want to take NAG over?

I can't see NAG going cheaply Duke

WHY IS ANTIMONY SUPPLY SO TIGHT?

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.
China is the biggest antimony ore producer but production has declined to 40,000 tons in 2023 from 61,000 tons in 2020 as a result of falling ore grades and more stringent environmental requirements.
Despite its dominance in ore output, China is a net importer of antimony concentrates and depends on ore from countries including Thailand, Myanmar and Russia.
Russia was once a major antimony concentrate exporter to China, but its supply fell sharply this year as major producer Polyus' output declined. Export duty and mineral extraction tax also made shipping the material overseas less attractive.
"There is no pipeline of supply to turn on," said Christopher Ecclestone, a principal and mining strategist at Hallgarten & Company in London.
China has accounted for more than 70% of ATO production globally since 2022, said Project Blue.
Outside China, processing capacity is limited.
Perpetua Resources (PPTA.O), opens new tab, 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.
The market is also tight because of increased demand from the solar and military sectors, with a deficit estimated at 10,000 tons in May by Project Blue. The shortfall could widen after the latest Chinese restrictions.
IMPACT ON PRICES

Antimony prices have already hit record highs.
Chinese antimony, CIF Northwestern Europe and of 99.65% purity, traded at all-time highs above $22,000 a metric ton by the end of July, LSEG Workspace data showed.
In China, antimony, of 99.91% purity, has traded at a record 162,500 yuan ($22,657.24) a ton since Wednesday, Shanghai Metal Exchange data showed.
Industry analysts say prices could climb another $8,000 a ton this year to $30,000, as ex-China buyers seek to stockpile more material because of the new restriction.
Share prices of antimony producers in China jumped by up to 10% on Friday.
Shares of Perpetua surged nearly 24% to their highest in more than three years on Thursday.
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Reporting by Amy Lv, Siyi Liu in Beijing and Mai Nguyen in Hanoi; Additional reporting by Polina Devitt in London; Editing by Tony Munroe and Barbara Lewis