Loading ...And countries are scrambling to get it, antimony, from somewhere else. Check out the high volume bar yesterday. Some people must have known this news ahead of time. I never owned it but had in on my watchlist. It may be worth watching it for a while.
Another sign of gradual reversal trends to take away from China and help the USA.
Part:
BEIJING, Aug 15 (Reuters) – China will impose export limits on antimony and related elements in the name of national security, its commerce ministry said on Thursday, Beijing’s latest move to restrict shipments of critical minerals in which it is the dominant supplier.
China accounted last year for 48% of global mined output of antimony, a strategic metal used in military applications such as ammunition, infrared missiles, nuclear weapons and night vision goggles, as well as in batteries and photovoltaic equipment.
The restrictions are being imposed “in order to safeguard national security and interests, and fulfill international obligations such as non-proliferation”, the ministry said in a statement.
At a regular weekly briefing on Thursday, the ministry said the curbs were not directed at any specific country or region.
“It’s a sign of the times,” said Christopher Ecclestone, a principal and mining strategist at Hallgarten & Company in London.