Antimony is a critical metal primarily used in flame retardants, batteries, semiconductors, and alloys. With its rising relevance in defense and clean energy sectors, monitoring antimony price trend analysis has become vital for traders, procurement heads, and manufacturers worldwide.
This in-depth article delivers a quarterly breakdown of antimony prices by country, along with global supply-demand insights, top producers, and forward-looking forecasts to help you stay competitive and well-informed in the evolving antimony market.
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Antimony Market CAGR and Growth Forecast
The global antimony market is projected to grow at a CAGR of 5.2% through 2025, fueled by demand in flame retardant materials, lead-acid batteries, and semiconductors. The defense industry, which relies on antimony for armor-piercing ammunition and other strategic products, is also a key growth driver.
Asia-Pacific remains the largest consumer region, especially China and India, while supply remains constrained due to limited mining capacity and environmental regulations affecting major producers.
Antimony Price Trend Analysis
Q1 2024 Antimony Price Trend in China
The antimony prices trend in China for Q1 2024 hovered around $12,000 USD/MT. Supply tightened due to stricter environmental audits and limited mine output in key provinces like Hunan. Meanwhile, export demand remained steady, pushing prices slightly higher.
Q1 2024 Antimony Price Trend in the United States
In the United States, antimony prices were around $13,500 USD/MT in Q1 2024. With no significant domestic mining, the U.S. relied heavily on imports from China and Mexico, and supply chain disruptions kept prices firm.
Q1 2024 Antimony Price Trend in India
The antimony price trend in India for Q1 2024 was around $12,700 USD/MT. Indian industries faced higher costs due to increased import duties and logistics delays. Domestic demand from battery and chemical sectors remained strong.
Q2 2024 Antimony Price Trend in China
The antimony price trend in China for Q2 2024 rose to $12,300 USD/MT. Production remained constrained due to safety inspections in mining regions. However, demand from battery manufacturers pushed prices upward.
Q2 2024 Antimony Price Trend in the United States
The U.S. antimony price increased slightly to $13,800 USD/MT in Q2 2024, driven by strategic stockpiling by government and defense contractors, as well as steady industrial demand.
Q2 2024 Antimony Price Trend in India
In India, antimony prices reached $13,000 USD/MT in Q2 2024, as buyers competed for limited shipments amid tightening global supply and delays at major ports.
Q3 2024 Antimony Price Trend in China
The antimony price trend in China dipped slightly to $12,200 USD/MT during Q3 2024, with some mining operations resuming and export volumes stabilizing. However, prices remained elevated historically.
Q3 2024 Antimony Price Trend in the United States
In Q3 2024, the U.S. price of antimony remained stable at around $13,600 USD/MT, supported by steady industrial consumption and limited local availability.
Q3 2024 Antimony Price Trend in India
The antimony price in India for Q3 2024 hovered at $12,900 USD/MT. Prices were stable due to consistent demand from alloy producers and chemical manufacturers, with minimal supply improvement.
Q4 2024 Antimony Price Trend in China
By Q4 2024, the antimony price trend in China reached $12,500 USD/MT, as exports increased slightly. Domestic inventory was tight due to earlier production delays, supporting a gradual price uptick.
Q4 2024 Antimony Price Trend in the United States
In Q4 2024, U.S. antimony prices ticked up to $13,900 USD/MT, mainly due to strong year-end demand and government sourcing contracts.
Q4 2024 Antimony Price Trend in India
The Indian antimony price in Q4 2024 rose to $13,200 USD/MT, as buyers increased procurement ahead of expected supply shortages in early 2025.
Q1 2025 Antimony Price Trend Forecast
- China: Expected to rise slightly to $12,600 USD/MT due to high industrial activity post-holidays.
- United States: Projected at $14,100 USD/MT amid persistent supply chain tightness and robust demand.
- India: Forecast at $13,400 USD/MT, with seasonal restocking driving buying activity.
Antimony Market Outlook and Demand-Supply Dynamics
The global antimony market remains under pressure from limited primary mining, with over 70% of global output still concentrated in China. Meanwhile, demand from the battery sector, flame retardants, and military-grade applications continues to rise.
Secondary production through recycling remains minimal and cannot yet bridge the supply gap. As environmental regulations tighten in producing countries, especially China and Myanmar, global supply is expected to remain tight.
Key Influential Factors Impacting Antimony Prices
1. Raw Material Constraints
Limited reserves and declining ore grades are major constraints. Most high-grade antimony ores are found in China, Russia, and Bolivia.
2. Environmental Regulations
Increased scrutiny on mining operations, particularly in China and Southeast Asia, is restricting output and contributing to price hikes.
3. Logistics & Freight Challenges
Shipping bottlenecks, port congestion, and rising freight charges are inflating end-user procurement costs globally.
4. Geopolitical Risks
Export bans, military tensions, and trade tariffs (especially in the U.S.-China corridor) create uncertainty and speculative pressure in the market.
Top 10 Global Antimony Suppliers
- Hunan Gold Group (China) – The largest integrated antimony producer with control over multiple mines in Hunan province.
- Mandalay Resources (Australia/Chile) – Operates the Costerfield mine and offers significant antimony-gold production.
- United States Antimony Corporation (USA) – Primary producer and processor with facilities in Montana and Mexico.
- Yunnan Muli Antimony Industry (China) – A large-scale Chinese refiner serving domestic and Southeast Asian markets.
- Tri-Star Resources (UK/Oman) – Owns a major antimony roaster facility in Oman; serves Europe and MENA.
- Laurel Industries (India) – Key Indian refiner of antimony trioxide and other derivatives for the domestic market.
- Bolivian Mining Corporation (COMIBOL) – One of Latin America’s key state-run producers with historical reserves.
- Campine Group (Belgium) – European recycler and refiner of antimony trioxide used in fire retardants.
- GeoProMining (Russia/Armenia) – Operates large antimony assets in the CIS region, with strategic European contracts.
- Suzhou Fanshen Group (China) – Focused on antimony-based specialty chemicals and flame retardant solutions.
Regional Overview of the Antimony Market
Asia-Pacific
China remains the dominant player, both in production and refining. Demand is supported by electronics, plastics, and energy storage industries.
Europe
Europe is increasingly reliant on antimony imports, especially from China and Russia. The EU’s Critical Raw Materials Act is pushing for supply diversification.
North America
The U.S. depends on imports from China and Mexico. Domestic initiatives are underway to boost local sourcing due to national security concerns.
Latin America
Bolivia leads production, though infrastructure gaps remain a barrier. Regional output is expected to grow moderately through foreign investments.
Middle East & Africa
Oman’s smelting facility is turning the region into an emerging hub for antimony refining. African exploration projects remain in early development.
Final Thought
Understanding Antimony price trend analysis is critical as the market faces rising demand from electronics, defense, and energy sectors, while supply remains concentrated and constrained. Quarter-by-quarter tracking of global prices shows an upward bias, especially in the U.S. and India, driven by limited production and growing strategic interest in this critical metal.
Procurement professionals, traders, and manufacturers must stay vigilant, diversify sourcing, and track regulatory changes to manage cost risks and ensure continuity in the antimony market.