Despite its designation as a critical mineral in the US, Canada, Australia and the EU, antimony remains largely unknown.
Now, as the world moves towards a future defined by clean energy and decarbonization, it’s arguably more important than ever — and a compelling addition to any investment portfolio.
The US was initially reliant on China for antimony. However, the outbreak of the Second World War saw US supply of antimony cut off by Japan. Fortunately, a stibnite mine in Central Idaho was able to cover the supply shortage, fulfilling roughly 90 percent of America’s antimony requirements and producing roughly 40 percent of the required tungsten steel. Unfortunately, that mine ceased operations in 1997.
Today, China maintains a stranglehold on global antimony supply, processing nearly 80 percent of all antimony resources — despite a steadily declining share of global production.
In addition to its military applications, antimony is also required to manufacture semiconductors, electric switches, fluorescent lighting, high-quality clear glass and lithium-ion batteries. Without antimony, the majority of modern technology would be impossible to produce.
This applies equally to cleantech and renewable energy. Antimony is a key element in the production of solar panels and wind turbines. Moreover, the mineral is integral to the development and production of liquid metal batteries, which look to be a reliable, safe alternative for battery power storage.
As is the case for other critical minerals, reliance on countries such as Russia and China for antimony production is a risky prospect at best. China has, on multiple occasions, shown the propensity to wield its market dominance as a political weapon, while trade with Russia has taken a big hit following its unprovoked invasion of Ukraine.
Recognizing the emerging demand for antimony and its crucial role in the modern world, exploration companies are increasingly looking at antimony projects that can potentially yield considerable value.
Although antimony may not receive as much coverage as other more popular critical minerals, it’s no less important. Already essential to multiple applications within the technology and military sectors, antimony has only grown progressively more important with the transition to a cleaner, more sustainable future. Mining companies around the world are working to meet the ever-increasing demand for the mineral — and each of these companies represents a new investment opportunity.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
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