Price

Antimony Pricing and Market Data

Antimony experienced one of the most dramatic price surges in the critical minerals sector during 2024-2025. China - which accounts for nearly 50% of global antimony production - imposed export controls on antimony products in September 2024, following its earlier restrictions on gallium and germanium. Prices rocketed from around $12,000/tonne to over $60,000/tonne by early 2026, a fivefold increase. Antimony is irreplaceable in military applications including ammunition primers, night-vision goggles, and flame retardants for military equipment. The price spike prompted the U.S. Department of Defense to accelerate domestic antimony supply development, with Perpetua Resources' Stibnite project in Idaho receiving expedited permitting as a national security priority.

Pricing Mechanisms

Antimony is priced using benchmarks from Fastmarkets/Asian Metals. Antimony pricing operates through a combination of exchange-based benchmarks, price reporting agency assessments, bilateral negotiation, and long-term offtake contracts. The specific mechanism depends on product form, grade, and the buyer-seller relationship.

Price History and Notable Market Events

The Antimony market has been shaped by the following key events:

Price Drivers

Key factors influencing Antimony prices include production levels in China (48% of global supply), demand from flame retardants and lead-acid batteries, inventory levels, energy costs, and government policy actions such as export restrictions or strategic stockpiling.

Spot vs. Contract Pricing

The Antimony market features both spot transactions and longer-term contracts. Spot prices reflect current conditions and are more volatile, while multi-year offtake agreements provide supply security for both producers and consumers. Current spot pricing is in the range of 38,000-50,000 $/tonne.