Curated News
By: NewsRamp Editorial Staff
January 14, 2025

Race to Secure Domestic Antimony Supplies Amid Global Trade Tensions

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Source News Release

TLDR

  • Securing a domestic supply of antimony, such as through Perpetua Resources, can provide a competitive advantage in reducing reliance on foreign sources.
  • Perpetua Resources' Stibnite Gold Project in Idaho aims to produce 148 million pounds of antimony over six years to address U.S. demand.
  • Developing domestic antimony sources, like Perpetua Resources' project, not only enhances national security but also creates jobs and promotes environmental restoration.
  • Antimony prices have surged by 250% in 2024, reaching record highs, reflecting the critical importance and volatility of this mineral in global markets.

Impact - Why it Matters

The news sheds light on the growing importance of antimony in geopolitics and the urgent need to reduce reliance on foreign sources. With significant players like Perpetua Resources and Military Metals Corp. taking proactive measures, the race to secure domestic antimony supplies not only impacts the defense industry but also highlights the critical role of these minerals in ensuring economic resilience and national security.

Summary

As global trade tensions rise over the export ban on antimony by China, the United States and its allies are facing critical national security concerns. Antimony, a mineral crucial for various industries, is witnessing a surge in prices due to supply chain disruptions, with the U.S. lacking domestic production. Perpetua Resources and Military Metals Corp. are key players striving to secure a stable supply of antimony, while United States Antimony Corporation and Nova Minerals Limited are also making significant strides in strengthening the U.S. supply chain for this essential mineral.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Race to Secure Domestic Antimony Supplies Amid Global Trade Tensions

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