China’s antimony concentrate production fell in the first two months of 2020 from a year earlier because of a prolonged shutdown caused by the Covid-19 outbreak.

Domestic concentrate output fell by 42pc to 5,600t of metal content in January-February, down from 9,700t a year earlier, data from the China nonferrous metals industry association show.

Combined production of antimony products fell by almost a fifth to 24,200t of physical weight in January-February from 29,900t a year earlier.

Production in March is expected to have increased from February as most producers resumed output as restrictions to combat the virus eased. But the spread of coronavirus outside China has weighed on international demand and dragged down prices.

Prices for 99.65pc grade metal dipped by 500 yuan/t ($71/t) to Yn35,500-36,500/t ex-works yesterday from Yn36,000-37,000/t ex-works on April 7th. A slowdown in global economic growth caused by the pandemic is expected to continue to result in weaker demand and lower prices in the near term.

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This article was retrieved from Argus Metals