Antimony prices in Western Europe hit a new high of $44,200 per ton on Monday, extending a dramatic rally that has seen the industrial metal’s value surge by 250% over the past year amid growing supply concerns.
The critical mineral, used in flame retardants, batteries, solar panels, high-tech gadgets, and the defense industry, is now trading between $43,000 and $44,200 per ton for 99.65% minimum purity material, according to market data. This represents an increase of about 9% from early January levels, when prices ranged from $40,500 to $41,500 per ton.
The rapid price acceleration has been particularly noticeable over the past week, with the upper range jumping $1,200 between January 15 and January 17.
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The price jump comes as manufacturers rush to secure supplies outside China, which controls approximately half of the world’s antimony production of 83,000 tons, according to US Geological Survey data. China’s recent restrictions on other technology-crucial minerals have heightened supply uncertainty for manufacturers.
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