![]() ![]() Rotterdam per metric ton (Mt) (exhibit 2).Įxhibit 2 – Price of antimony (US$/MT) -2020A Global lockdown restrictions caused mines to close creating a supply chain disruption.Īntimony is priced in USD based on the London Metal Exchange (LME) average price C.I.F. Sources: ACF Equity Research US Geological SurveyĪfter the Sunshine Silver Mine in Idaho closed in 2001, there has been no marketable antimony mined in the US – the US is entirely reliant on imports from China. In 2020A, China produced 80k metric tons (MT) of global output, followed by Russia at 30k MT and Tajikstan at 28k.Įxhibit 1 – Global antimony reserves by country, 2020A China produces around 75% of global antimony supply, followed by Russia as the second largest global producer.Ĭhina is the largest producer of Antimony and had ~480,000 metric tons of reserves in 2020A, according to the USGS (exhibit 1). Increased gun sales coupled with global lockdowns and the US’s reliance on antimony imports from China, has created an ammunition shortage. In March 2021, the FBI conducted ~4.7m background checks vs. ![]() This has been driven by the pandemic triggered supply shortages combined with demand increases underpinned by civil unrest throughout 2020 – stimulating an increase in gun sales.Īccording to Small Arms Analytics (a South Carolina, US consulting firm) 23m guns were purchased in 2020, up ~65% vs. In the US there is an ongoing ammunition shortage. Technology – Smartphones, computers, semi-conductors, and automotives.ĭefence – Ammunition, tanks, submarines, warships, communication systems, night vision goggles, infrared sensors, and other military technology. Renewable energy– Solar panels, wind turbines, generators, batteries, and nuclear reactors. In addition to being an important mineral for ammunition and other defence needs, antimony is in high demand because of its use in clean energy infrastructure. Antimony is most often alloyed with lead (Pb) and tin (Sn), making the elements more rigid or stiff – ergo cast bullets. Because it is a poor heat and electricity conductor it is often alloyed with other metals to change its or their properties, making it more durable and versatile. In spite of the implications of its name, Antimony can be found as a native metal.Īntimony (Sb) has semi-metallic properties. In this blog we focus on antimony because of its scarcity, which in turn implies a supply risk, and its significance to the US ammunition shortage of 2020-21.Īntimony comes from the Greek anti and monos, meaning a ‘metal not found alone’ and industrial use dates back to as early as the 17th century, other uses may go back as far as 1600 BC. But is this the only reason that we are seeing an increase in demand and therefore an increase in prices of critical metals? If we are to reach the Paris Agreement goals by 2050, critical mineral production will need ramping up.Ĭritical minerals such as antimony, lithium, copper, cobalt, nickel and rare earth metals are used in renewable energy infrastructure (i.e., solar panels), batteries and power cables. However, the urgency is not necessarily fuelled by a concern of supply chain disruptions but rather the role critical minerals play in the transition to clean energy. The International Energy Agency (IEA) has warned mining companies that the “looming mismatch” between supply and demand needs to be addressed. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier.The possibility of a ‘critical minerals ’ shortage is approaching and has been on the global radar since the middle of 2021. This means that if you invested $100 now, your current investment may be worth 189.9$ on 2024 March 01, Friday. These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks.įuture price of the stock is predicted at 0.75580247185851$ ( 89.9% ) after a year according to our prediction system. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if UAMY could be a good portfolio addition. United States Antimony stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. stock forecastĪs of 2023 March 01, Wednesday current price of UAMY stock is 0.398$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). ![]() 1 year United States Antimony Forecast: 0.75580247185851 *ĥ year United States Antimony Forecast: 1.862 * About the United States Antimony Corp.
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