China’s Antimony Output Increases in December 2020

China’s Antimony Output Increases in December 2020

Beijing, 27 January (Argus) —

China’s antimony metal output in December rose from a year earlier, as most producers in the main production hubs of Hunan and Guangxi provinces maintained or increased run rates to complete annual production target.

December metal production rose by 32.24pc to 5,464t from 4,132t the previous year but down by 18.57pc from 6,710t in November, data released by the China nonferrous metals industry association show. Output totalled 78,145t in 2020, down by 5.94pc from 83,079t in 2019 on an ore supply shortage. December production rose by 38.08pc to 9,833t from 7,121t the previous year and up by 10.24pc from 8,920t in November. Output totalled 93,037t for 2020, up by 1.69pc from 91,487t in 2019.

Prices for antimony metal were last assessed at at 49,000-50,000 yuan/t ($7,577-7,732/t) ex-works, up from Yn46,5000-47,500/t ex-works assessed on 21 January. The ore shortage and renewed stockpiling demand ahead of lunar new year holidays have pushed the market to hit a two-year high. Prices are expected to stay firm with limited trading activity because of logistics squeeze during holidays.

For More Information on Antimony Products 

SLG offers a variety of antimony products that serve a variety of needs. For more information on our antimony products please visit our Flame Retardants page, or you can always give us a call here at our office by visiting our Contact Us page.

Covid-19 Contributes to Lower Antimony Production in 2020

Covid-19 Contributes to Lower Antimony Production in 2020

Beijing, 18 January (Argus) —

Antimony production at Hunan Chenzhou Mining, one of the largest producers in China, fell in 2020 because of a shortage of feedstock supplies.

The company produced 29,000t of antimony products last year, down by 17.96pc from a year earlier. It was hit by a shortage of ore supplies following lower shipments from major supply countries during the global Covid-19 pandemic.

It also produced 33.8t of gold and 2,181t of tungsten products in 2020, compared with 38.5t and 4,305t a year earlier. Chenzhou Mining produced 35,347t of antimony products in 2019, up by 11pc from 2018, including 10,620t of antimony metal, 2,404t of ethylene glycol antimony and 22,105t of other antimony products. Detailed output data for 2020 are unavailable. The company produced 1,913t of tungsten concentrate and 2,392t of ammonium paratungstate (APT) in 2019.

Fellow major antimony producer Hsikwangshan Twinkling Star plans to maintain production levels at 30,000 t/yr for antimony products and 3-5t/yr for gold in the coming five years.

Antimony resources have been falling in China after many years of overexploitation, with ore grades in main deposits owned by Chenzhou Mining and Hsikwangshan Twinkling Star decreasing significantly in recent years. This has added to mining costs for antimony concentrate and reduced production, as well as increasing China’s reliance on imported ores from countries including Russia, Tajikistan, Australia and Myanmar (Burma).

Ore shortages have sent antimony prices to a 21-month high at 44,000-45,000 yuan/t. There is further upside potential ahead of the 11-17 February lunar new year holiday amid renewed stockpiling interest from domestic downstream industries and seaborne purchasers.

For More Information on Antimony Products 

SLG offers a variety of antimony products that serve a variety of needs. For more information on our antimony products please visit our Flame Retardants page, or you can always give us a call here at our office by visiting our Contact Us page.