China’s antimony concentrate imports rise in Jan-Feb

China’s antimony concentrate imports rise in Jan-Feb
Beijing, 18 April (Argus) —

China’s antimony concentrate imports in January-February rose on the year, as Chinese smelters sought more concentrate supply outside of the country on concerns of depleted resources in China.

China imported 4,064t of antimony concentrate during January-February, up from 3,393t the previous year, according to Chinese customs data. Shipments were at 2,195t in January and 1,869t in February. But imports in March and April are likely to fall because of disruptions brought about by the Russia-Ukraine conflict.

Russia is the second-largest antimony producer after China. Russia exported 38,364t of antimony concentrate during 2020-21, with 68.2pc shipped to China. The remainder went to Vietnam, Oman, and South Korea with the countries taking 8,946t, 2,496t and 762t respectively, customs data show. China imported 988t of antimony concentrate from Russia in the first two months of this year, compared with 1,035t in the corresponding period of 2021.

Prices for 99.65pc grade metal were last assessed at 81,000-82,000 yuan/t ($12,709-12,866/t) ex-works on 14 April, stable after dipping by Yn500/t on 12 April. The decrease on 12 April came surprisingly as prices have risen continuously since early February, supported by concentrate supply tightness and renewed demand from seaborne consumers. But weak demand from domestic downstream consumers outweighed supply tightness and weighed on the market slightly last week.

China’s antimony concentrate imports (t)

Article Retrieved from: ArgusMetal

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.

China’s Huayu launches Tajikistan antimony-gold project

China’s Huayu launches Tajikistan antimony-gold project

Beijing, 20 April (Argus) —

Chinese base metals mining firm Huayu Mining, has launched production at its antimony-gold smelter Talco Gold in Tajikistan following Covid-19-related delays in the last few years.

Huayu and Tajikistan Aluminium, a state-owned aluminium smelter, are co-investors in Talco Gold. The project is expected to process 1.5mn t/yr of ores to produce 2.2 t/yr of gold and 16,000 t/yr of antimony metal when it reaches full capacity. The project was supposed to launch in 2019 but faced delays because of the Covid-19 pandemic.

Tajikistan Aluminium owns 264,616t metal equivalent of antimony and 49.9t of gold resources.

Huayu mines lead, zinc, copper and silver and owns 434,600t metal equivalent of antimony resources in Tibet and outside China after investing in the Talco Gold project. Huayu is able to produce around 5,000 t/yr metal equivalent of antimony metal from its domestic mines.

A continued shortage of concentrate and metal supplies bolstered the antimony market to a 10-year high of 81,500-82,500 yuan/t ($12,800-12,970/t) for 99.65pc grade metal on 24 March. The range softened by Yn500/t from 7 April to Yn81,000-82,000/t ex-works on 12 April as weaker demand outweighed the concentrate shortage to prompt sellers to cut offers to attract sales. Export prices for the metal have remained firm at $14,100-14,300/t fob since 24 March as tight supply outside of China has encouraged Chinese exporters to maintain their offers.

Article Retrieved from: ArgusMetal

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.