Critical Minerals and Energy Intelligence
Antimony
Antimony hit the steepest rally in price “ever recorded” in the global antimony market since April 2024, according to FastMarkets who began recording prices from January 1980.
Supply shortages, export restrictions from China, falling global supply, as well as rising demand across defense and solar, mean the short, medium and long-term trends for supply security are volatile.
Antimony Insights
Latest News
What is antimony
Antimony, atomic number 51, is a lustrous gray metalloid valued for its flame-retardant properties and use in various industrial applications. With a melting point of 630.63°C, it is a solid at room temperature and is often alloyed with other metals to enhance their hardness and resistance to corrosion.
The name “antimony” originates from the Greek words “anti monos,” meaning “not alone,” reflecting that it is typically found in nature combined with other elements.
Today, antimony is crucial in flame retardants, batteries, and alloys, securing its status as a critical mineral.
Why antimony matters: strategic applications
Flame retardants
Antimony trioxide is a primary flame retardant used in plastics, textiles, and rubber. It is often used synergistically with halogenated flame retardants to enhance their effectiveness.
plastics: antimony compounds are added to plastics in electronics and automobiles to prevent fires.
textiles: treated textiles are used in clothing and home furnishings to meet fire safety standards.
Batteries
Antimony is used in lead-acid batteries to improve their strength and corrosion resistance.
grid alloys: Antimony enhances the mechanical properties and lifespan of battery grids.
electric vehicles (EVs): although lithium-ion batteries dominate the EV market, antimony is used in some advanced battery technologies.
Alloys
Antimony is alloyed with other metals to improve their hardness, strength, and corrosion resistance.
Lead alloys: antimony hardens lead used in bullets, cable sheathing, and solder.
Bearing alloys: antimony is used in bearing materials for machinery due to its low friction and wear resistance.
Supply and Demand Dynamics
Global antimony demand is driven by flame retardants, battery production, and alloy manufacturing. Key demand drivers include:
flame retardants: regulations requiring flame retardancy in various products drive demand for antimony trioxide.
battery manufacturing: the automotive industry’s reliance on lead-acid batteries and emerging antimony-based batteries contributes to steady antimony consumption.
Supply Landscape
Production Concentration
Global antimony production is concentrated in a few countries, with China being the dominant producer:
China: the leading producer of antimony, accounting for a significant portion of global output.
Russia: a notable producer with significant reserves and production capacity.
Tajikistan: an emerging antimony producer with growing production.
This concentration creates supply chain vulnerabilities, making the diversification of supply sources important.
Mining Characteristics
primary and by-product mining: antimony is mined both as a primary product and as a by-product of other metals, such as lead and silver.
processing complexity: antimony ores require complex processing techniques to extract and refine the metal.
Major producers
The antimony mining sector features several key players:
China Molybdenum Co., Ltd. (CMOC): a major global mining company with significant antimony production.
Hunan Chenzhou Mining Group Co., Ltd.: a key Chinese antimony producer.
Market trends shaping antimony’s future
Supply chain security
diversification: efforts to diversify antimony supply chains are underway to reduce reliance on single-source countries.
strategic stockpiling: governments are considering strategic stockpiles to ensure a stable supply of antimony for critical applications.
Technological evolution
battery technology: research into advanced battery technologies using antimony could drive future demand.
recycling: developing efficient recycling processes for antimony-containing products can enhance supply security.
Regulatory environment
critical mineral designations: governments worldwide classify antimony as a critical mineral, incentivizing domestic production and supply chain development.
Antimony’s unique properties make it essential for various applications, particularly flame retardants and alloys. As industries prioritize supply chain security and technological advancements, antimony’s strategic importance will likely increase, making it a critical material for modern industrial society.

78% of US military weapon systems vulnerable to China’s critical mineral dominance
The US Department of Defense relies on Chinese supply chains for components used in 1,900 weapon systems, encompassing over 80,000 individual parts — threatening 78% of

Antimony: caught in the geopolitical crossfire
Global defence spending hit USD2.46 trillion in 2024 — with the 7.4% real-terms increase outpacing increases of 6.5% in 2023 and 3.5% in 2022 — and

Biden administration approves mining permit for antimony project in US
On January 3, 2025, the Biden administration issued the final permit for Perpetua Resources’ Stibnite Antimony-Gold project in Idaho, according to a report by Reuters.

Antimony prices in US soar 300% in 2024
The price of the critical mineral antimony in the US has soared more than 300% in 2024 as demand rises and supply is severely restricted

China bans exports of gallium, germanium and antimony to the US
China has announced it is banning the export of critical minerals gallium, germanium, antimony, as well as superhard materials to the US. A new review

Global defense hit record highs, bringing minor metals into focus
Global defense stocks are rising to record highs, driven by instability and escalating conflict across the globe, including: Minor metals are unique among commodities for