China Implements Export Controls on Antimony Products for National Security Reasons
China has announced that starting on September 15, export controls will be imposed on certain antimony products, citing national security concerns. This move is part of a series of measures implemented by Beijing to restrict the shipment of strategic minerals.
Antimony, a shiny grey metalloid with ancient roots in medicine and cosmetics, is primarily used today as a flame retardant, accounting for half of global usage in 2023. It is also utilized in photovoltaic glass to enhance solar cell performance and in lead-acid batteries. Due to its role in military equipment like infrared missiles and nuclear weapons, as well as its use as a hardening agent for bullets and tanks, antimony has gained strategic importance.
China, the largest antimony producer globally, holds 48% of mine production, followed by Tajikistan at 25%. The country’s reserves are concentrated in provinces like Guangxi, Hunan, and Gansu. Despite being a major exporter of antimony ingots, China has seen a decline in exports, leading to a shift in supply chains to countries like Tajikistan and Vietnam.
The global antimony market faces supply challenges due to declining production in China, stringent environmental regulations, and increased demand from sectors like solar and military. As a result, antimony prices have surged to record highs, with industry analysts predicting further increases. This has led to a boost in share prices of antimony producers, indicating the market’s response to these developments.
In conclusion, the implementation of export controls on antimony products by China has significant implications for the global market, affecting supply chains, prices, and investments in the sector. It underscores the importance of diversifying sources and understanding the geopolitical dynamics that impact critical minerals like antimony.