Guizhou to Restrict Mining of Antimony Ore and Other Ores

January 16, 2018 – In order to intensify supply-side structural reform of mining industry, the mineral exploration in Guizhou will change from solid energy mineral (coal) to clean energy (shale gas, coalbed methane), and form mineral (barite) used in heavy chemical induastries to strategic nonmetallic minerals (fluorite and other minerals).

Recently, according to the news from Department of Land and Resources of Guizhou Province, the province will coordinate the order of coal mining, and supports coal mining owners to change and increase mine types to build the demonstration zones for coalbed methane development and utilization in Panjiang & Songhe, Zhijn & Nayong and Changgang & Yaxi of North Guizhou; it will conduct key construction of shale gas development bases in North and Northeast Quizhou, and tries to achieve an annual capacity of 2 billion cubic meters of shale gas in 2020.

Meanwhile, Guizhou will restrict the exploration of antimony ore, black-shale-type Mo-Ni-V ore, low-grade pyrite. barite, and phosphorite-type rare earth ore, thallium ore, arsenic ore, high-fluorine coal and high-arsenic coal, and strengthen the development and utilization of important functional nonmetallic minerals, such as fluorite, palygorskite and others.

Guizhou will vigorously promote green exploration, improve green exploration technology system with the application of new technologies, such as airborne geophysical prospecting, remote sensing, ect., and reduce the impact on ecological environment in the process of exploration following the principle of ecological environment protection first and full respect for people’s will.

St. Louis Group is a producer of antimony and phosphorus flame retardants. To learn more about our antimony products click here, and to learn more about our phosphorus products, click here.

Article Retrieved from: AsianMetal.com

Chinese Antimony Ingot Market Sees Weak Supply and Demand

BEIJING (Asian Metal) 5 Jan 18 – Mainstream transaction prices for Chinese antimony ingot (low-bismuth) 99.65%min and 99.85%min are RMB50,500-51,500/t (USD7,791-7,946/t) and RMB51,500-52,000/t (USD7,946-8,100/t) EXW VAT included respectively at present, both almost unchanged from those before the New Year. Insiders mainly held a watchful attitude in the first week of 2018, leading to scarce transactions in the spot market. Market players expected transaction prices for Chinese antimony ingot would keep stable in the coming days.

A producer in South China explained they are offering RMB52,000/t (USD8,023/t) for antimony ingot 99.85%min, unchanged from that before the New Year. “We mainly held a watchful attitude in the first week of 2018 and were not in a hurry to trade in the spot market,” the producer said. They sold less than 20t of antimony ingot 99.85%min at RMB51,000/t (USD7,946/t) before the holiday and held a watchful and cautious attitude towards the market outlook.

With an annual capacity of 3,000t of antimony ingot, the producer expects to produce about 200t in January, and produced about 260t in last December as they rushed to delivery earlier orders, holding about 200t of stocks now.

A trader in South China noted, “The current market moves weekly in both supply and demand sides, resulting in a little trade possibility, and we watched the market for the time being. “They are offering RMB51,500/t (USD7,946/t) for antimony ingot (low-bismuth) 99.65%min, basically unchanged from that before the New Year. They last sold about 10t of the material at RMB52,000/t (USD8,023/t) in mid-December 2017. The antimony ingot market is expected to move in balance in the future.

Typically selling about 100tpm of antimony ingot, the company sold about 60t in last December and has yet to close deals so far in January. They are holding about 50t of stocks now.

 

Article retrieved from: AsianMetal.com

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