Bullish outlook $FLPC Read Below
The reduction in Chinese exports of antimony has not been made up by non-Chinese mines, most of which closed down due to Chinese dominance in the sector and a flagging metal price. That makes for a healthy antimony market, with demand outstripping supply resulting in a climbing price. Strong demand for antimony combined with dwindling and precarious supply will exacerbate the current supply deficit notes Visual Capitalist, with the price expected to climb 5 percent annually to reach $20,000 per tonne by 2020.
Antimony has not escaped the notice of Hallgarten & Company’s principal mining analyst, Chris Ecclestone, who told The Metals Report recently that antimony is his favorite specialty metal.
“The antimony market has seen little investment for years because of waning China dominance. Now, new applications for antimony are shaking out the old producers and changing the market dynamic,” said Ecclestone, who observes that “every metal mineral has a different story.” “Most Western mines closed down decades ago, but recently, a few Western mines have reopened, although not enough to make up for reduced Chinese exports. As a result, I expect antimony to be strong.” -Resource News
